运营管理class5-post.ppt
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运营管理class5-post.ppt

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OperationsManagementThedesignandmanagementofsystemstomakeproducts,provideservicesanddeliverthemtotheenduser.Class5:InventoryManagementLearningObjectiveLearningObjectiveInventoryInventoryImportanceofInventory2005FiscalYearHowdoesDell’slowinventoryhelpcutcosts?HowdoesDell’slowinventoryhelpcutcosts?AccuratelymatchingdemandwithsupplyisthekeychallengeImportanceofInventoryManagementImportanceofInventoryManagementWhydoyouhavetheseinventories?Whyshouldyounotholdinventory?Sothequestionis…InventoryCostsWhattrade-offsweneedtomake?InventoryClassificationWhattoolstohelpusmakedecisions?InventoryModelInventoryModelQuickSummaryClass5:NewsvendorModelWhattrade-offsweneedtomake?AnPumpkinExampleMarginalAnalysis:PumpkinExampleNewsvendorModelMarginalAnalysis:PumpkinExampleAnOilRigExampleOilRigExampleOilRigExampleOilRigExample:CostDataOilRigExample:DecisionStructureNewsvendorModelNewsvendorSolution:ExplanationExample:DiscreteDemandDiscreteDemand(Continued)=NormalDistributionTutorial(2)NewsvendorModelwithNormalDemandNewsvendorModelwithNormalDemandApplication:RevenueManagementRevenueManagement:Example2RevenueManagement:Example3RevenueManagement:Example3SummaryClass5:EOQModelEconomicOrderQuantity(EOQ)NotationCycleStocks:TradeoffbetweenfixedcostsandholdingcostsExample:“TheSouthFace”TheSouthFaceTheSouthFace:CostEconomicOrderQuantityEconomicOrderQuantityTheSouthFaceEOQandSensitivityAnalysisManagerialImplicationsofEOQManagerialChallengesHowtoestimatecosts?ManagerialChallengesHowtoreducetheEOQinventory?Summary