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Chapter 4 Inventory Control Known Demand
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object]
Importance of inventory ,[object Object],[object Object]
Breakdown of the Total  Investment in Inventories  in the U.S. Economy (1999) Fig. 4-1
Types of inventories ,[object Object],[object Object],[object Object],[object Object],[object Object]
Motivation for holding inventories ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Characteristics of inventory systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Relevant costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Inventory as a  Function of Time Fig. 4-2
Relevant costs (cont’d) ,[object Object],[object Object]
Order Cost Function Fig. 4-3
Inventory Control The EOQ Model
Assumptions ,[object Object],[object Object],[object Object]
Inventory Levels  for the EOQ Model Fig. 4-4
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Average Annual  Cost Function G(Q) Fig. 4-5
Reorder Point Calculation  for Example 4.1 Fig. 4-6
Reorder Point Calculation for Lead Times Exceeding One Cycle Fig. 4-7
All-Units Discount  Order Cost Function Fig. 4-9
Incremental Discount  Order Cost Function Fig. 4-10
Average Annual Cost Function  for Incremental Discount Schedule Fig. 4-12

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Inventory Control