Inventory models - techniques of operations research, Operation Research

Assignment Help:

Inventory models deal with the problem of determination of how much to order at a point in time and when to place an order. The main objective is to minimize the sum of three conflicting inventory costs. the cost of holding or carrying extra inventory the cost of shortage or delay in the delivery of items when it is needed a cost of ordering or setup. These are also useful in dealing with quantity discounts and selective inventory control.


Related Discussions:- Inventory models - techniques of operations research

test statistic - hypothesis testing , Test Statistic The next  step ...

Test Statistic The next  step is compute an appropriate  test statistic which  is based on an appropriate probability distribution. It  is used to test whether the null  hypo

Assignment problems, Six Operators are to be assigned to five jobs with the...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Simplex method, how to solve simplex method in LPP?

how to solve simplex method in LPP?

Other determinants of sample size- sampling decisions, Other  Determinants ...

Other  Determinants  of Sample Size 1. The variability  of elements  within the population  has become  a  very  important  factor  to decide the  sample  size.    The more  v

Reports - classification of documents, Reports: Report literature is a...

Reports: Report literature is an important primary source of information, particularly  for a research library. This new  medium for communication of information came into bei

Demerits of range - measure of dispersion , Demerits  of Range a.It g...

Demerits  of Range a.It gives  importance  to the  two  extreme  values and is very much affected by the extreme items. b.The range  provides  no information  about the  st

Deciles , DECILES The nine points  on the scale of observations  ( or...

DECILES The nine points  on the scale of observations  ( or  values of the variable) which divide the total  frequency into ten  equal parts  are called deciles for the data

Non parametric tests - hypothesis testing, NON PARAMETRIC TESTS All  ...

NON PARAMETRIC TESTS All  practical  data follow normal distribution under  such situations can estimate the  parameters such  as mean  variance etc ,,, and use the  standard

Higher order table, Higher Order  Table   When  three  or more  charac...

Higher Order  Table   When  three  or more  characteristics are represented in the same  table such a table  is called  higher order table. The  need  for such  a table arises

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd