IE 307 • Midterm II • Production Planning and Control

Newsvendor Problem

Cost Calculation and Optimal Solution

Example 1

Additional Values

Example 2

Lot Size-Reorder Level (Q, R) Model

Optimal Solution

Example 1

Extra Quantities

Example 2

Service Levels

Given Type 1 Service Level

Given Type 2 Service Level

Lead Time Variability

Q System

Example 3

P System

Example 4

(s, S) Policy

Service Levels in (s, S) Policy

Introduction

Zero Inventory Strategy

Example 1

Example 2

Constant Workforce Plan

Example 3

Example 4

Linear Programming Solution

Example 5

What is MPS?

Example 1

Table Update and Examples

Order Promising

Example 2

Example 3

Order Promising Table Update

Example 4

Example 5

Arrival of New Orders

Example 6

What is MRP?

Bill of Materials (BOM)

MRP Records

Example 1

Example 2

MRP Record Update

Example 3

Example 4

Goals and Assumptions

Lot-For-Lot Method

Economic Order Quantity Method

Periodic Order Quantity Method

Silver-Meal Heuristic

Least Unit Cost Heuristic

Part-Period-Balancing Method

Example 1

Example 2 Part 1

Example 2 Part 2

Wagner Whitin Algorithm

Example 3

Newsvendor Model 1

Newsvendor Model 2

Newsvendor Model 3

Newsvendor Model 4

(Q, R) Model 1

(Q, R) Model 2

(Q, R) Model 3

Service Levels in (Q, R) Policy

Lead Time Variability & (s, S) Policy

Service Levels in (s, S) Policy

Constant Workforce Strategy

Linear Programming Approach

Aggregate Production Planning 1

Aggregate Production Planning 2

Aggregate Production Planning 3

Aggregate Production Planning 4

MPS 1

MPS 2

MPS 3

MRP 1

MRP 2

Lot Sizing 1

Lot Sizing 2