Quantitative Analysis for Management, 13/e

Chapter 6 Inventory Control Models

Learning Objectives

After completing this chapter, students will be able to:

1. 6.1 Understand the importance of inventory control.

2. 6.2 Understand the various types of inventory related decisions.

3. 6.3 Use the economic order quantity (EOQ) to determine how much to order.

4. 6.4 Compute the reorder point (ROP) in determining when to order more inventory.

5. 6.5 Handle inventory problems that allow noninstantaneous receipt.

6. 6.6 Handle inventory problems that allow quantity discounts.

7. 6.7 Understand the use of safety stock.

8. 6.8 Compute single period inventory quantities using marginal analysis.

9. 6.9 Understand the importance of ABC analysis.

10. 6.10 Describe the use of material requirements planning in solving dependent-demand ...