Inventory Management

8.

Probabilistic Inventory Models

8.1.

Service Level Concepts

8.1.1.

Service Level Definitions

8.1.2.

Customer Satisfaction Metrics

8.1.3.

Service Level Trade-offs

8.2.

Safety Stock Management

8.2.1.

Demand Uncertainty Factors

8.2.2.

Lead Time Variability

8.2.3.

Service Level Requirements

8.2.4.

Safety Stock Calculation Methods

8.2.4.1.

Fixed Safety Stock Approach

8.2.4.2.

Statistical Safety Stock Models

8.2.4.3.

Normal Distribution Applications

8.3.

Reorder Point Under Uncertainty

8.3.1.

Variable Demand Considerations

8.3.2.

Lead Time Variability Impact

8.3.3.

Combined Uncertainty Models

8.4.

Fixed-Period Models with Uncertainty

8.4.1.

Order-Up-To Level Calculation

8.4.2.

Review Period Optimization

8.4.3.

Demand Variability Management

8.5.

Single-Period Models

8.5.1.

Newsvendor Problem Framework

8.5.2.

Critical Ratio Analysis

8.5.3.

Perishable Goods Applications

8.5.4.

Overage and Underage Costs

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7. Deterministic Inventory Models

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9. Physical Inventory and Warehouse Management