[工作范文]Inentory Management.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * For data below determine: Optimal order quantity and total minimum inventory cost. Assume shortage cost of $600 per unit per year, compute optimal order quantity and minimum inventory cost. Step 1 (part a): Determine the Optimal Order Quantity. Example Problem Solution Electronic Village Store (1 of 3) Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall Step 2 (part b): Compute the EOQ with Shortages. Example Problem Solution Electronic Village Store (2 of 3) Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall Example Problem Solution Electronic Village Store (3 of 3) Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall Example Problem Solution Computer Products Store (1 of 2) Sells monitors with daily demand normally distributed with a mean of 1.6 monitors and standard deviation of 0.4 monitors. Lead time for delivery from supplier is 15 days. Determine the reorder point to achieve a 98% service level. Step 1: Identify parameters. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall Example Problem Solution Computer Products Store (2 of 2) Step 2: Solve for R. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * * * * * * * * * * * * * * * * * * * * * * * * * * * Total annual inventory cost is sum of ordering and carrying cost: Basic EOQ Model Total Inventory Cost (1 of 2) Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall Figure 16.5 The EOQ Cost Model Basic EOQ Model Total Inventory Cost (2 of 2) Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall EOQ occurs where total cost curve is at minimum value and carrying cost equals ordering cost: The EOQ model is robust because Q is a square root and errors in the estimation of D, Cc and Co are dampened. Basic EOQ Model EOQ and Minimum Total Cost Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall I-75 Carpet Di