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D08540000120114008Session 12_Production Planning and Control

D08540000120114008Session 12_Production Planning and Control

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Published by Sagita Simanjuntak
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Published by: Sagita Simanjuntak on Jun 08, 2013
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06/08/2013

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Session 05 and 06
 
Inventory Control Systems
Probabilistic inventory models,service levels and safety stocks.
 
D 0 8 5 4
Supply Chain : Manufacturing and Warehousing
 
Probabilistic inventory models,service levels and safety stocks
 
Bina Nusantara University
2
 
 A Probabilistic Inventory Model.
 Assumptions:
Probabilistic
lead-time deman
(
 D
 L
)
 
 – 
mean
 
 D L 
 – 
standard deviation
 
 D L 
 – 
probability distribution fcn.
 P 
(
 D
 L
) / density fcn.
 f 
(
 D
 L
)
 – 
cumulative distribution fcn.
 F 
(
 D
 L
)=
 P 
(lead-time demand
Continuous review (
Q
,
 R
) system (<=> (
 s
,
Q
) system)
 – 
fixed order size
Q
 
 – 
order point
 R
(or 
 s
), i.e., variable order period
Demand during stock-out periods is backlogged
 L
 D

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