清华大学-生产计划与控制：PPC-L07B-Inventory-Control-B-1.pdfVIP

Lecture 7BLecture 7B Inventory ControlInventory Control Subject to Uncertain DemandSubject to Uncertain Demand (1)(1) Ye ChengYe Cheng Dept. of Industrial EngineeringDept. of Industrial Engineering Tsinghua UniversityTsinghua University 1 Inventory Control Subject to Uncertain Demand Uncertainty of demand for Models product Past experience provide useful information for Periodic review planning Estimate probability • One planning period distribution • Multiple planning period Objective: minimize expected cost or maximize expected profits Continuous review Ye Cheng, Dept. IE, Tsinghua University                            PPC                  Lecture 7B  Inventory Control Subject to Uncertain Demand (1) 2 Single-Period Model Planning for initial shipment sizes for high fashion items Ordering policies for food products that perish quickly Determining run sizes for items with short useful lifetimes Newsboy Model Objective: Balance the costs of overage (ordering too much) and underage (ordering too little) Ye Cheng, Dept. IE, Tsinghua University                            PPC                  Lecture 7B  Inventory Control Subject to Uncertain Demand (1) 3 Example: The Nature of Randomness Mac’s, a local newsstand The Computer Journal, a popular weekly magazine Pay 25 cents for each copy, sell each for 75 cents Not sold return to supplier for 10 cents each Kept records of the demand each week Actually sold + not satisfied Ye Cheng, Dept. IE, Tsinghua University                            PPC                  Lecture 7B  Inventory Control Subject to Unc