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Operations Management: Sustainability and Supply Chain Management, Twelfth Edition
book

Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

by Jay Heizer, Barry Render, Chuck Munson
February 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
219h 58m
English
Pearson
Content preview from Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

Inventory Models

We now examine a variety of inventory models and the costs associated with them.

Independent vs. Dependent Demand

Inventory control models assume that demand for an item is either independent of or dependent on the demand for other items. For example, the demand for refrigerators is independent of the demand for toaster ovens. However, the demand for toaster oven components is dependent on the requirements of toaster ovens.

This chapter focuses on managing inventory where demand is independent. Chapter 14 presents dependent demand management.

Holding, Ordering, and Setup Costs

Holding costs are the costs associated with holding or “carrying” inventory over time. Therefore, ...

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Publisher Resources

ISBN: 9780134422404