Inventory models

Related BrainMass Solutions

• Pricing Models and Inventory

  656049 Pricing Models and Inventory How can low inventory and pricing models impact the business? How can low inventory and pricing models impact the business?

• Procter & Gamble Inventory Management System

  Its modeling and decision support group was asked to create global inventory models. P&G has needed "scientific" models to help it control its inventory since the mid-1980s when it implemented Distribution Requirements Planning (DRP).

• Work-in-Process Inventory

  538819 Work-in-Process Inventory See attached document titled "Problem Operations Costing: Work-in-Process Inventory" to see the charted data for this problem. Miller Outdoor Equipment makes four models of tents.

• In addition, the company charges monthly inventory at the rate of 2% of the production cost based on the inventory levels at the end of the month. The company would like to have at least 25 units of each model in inventory at the end of the two months. Formulate this business case as an LP problem.

  Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month.

• Forecasting & Inventory Model

  Inventory and production control models are designed for static environments. Would such models work in healthcare to adjust for staffing needs? Explain your rationale. 4. Our basis EOQ inventory model makes five assumptions.

• Why is it sometimes best to sell inventory at less than cost

  The inventory might be decreasing in value because of obsolescence, perishable concerns, or fad changes in the market 3. The inventory might be very high end, very low end, or undesirable models or sizes. 4.

• Discussion Question-Research inventory management

  However, inventory planning is also a science as it requires a literal and objective understanding of the various models and approaches that need to be used.

• Inventory models: Quantity discount model for Zeigler's Lumber

  This posting contains solution to a problem of inventory models: Quantity discount model

• The Challenges of Forecasting

  can result to surplus inventory • Over forecasting means more budget • Under forecasting will result to lost market and sales opportunity Challenges of the forecasting methods, models, process and practices: Nyakwada (2004) presented these challenges

• Inventory model for a Small Bakery

  The solution prescribes inventory models appropriate for a small bakery. Two suggested inventory models are Economic Order Quantity and ABC.