reorder point (ROP)
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the level of inventory when an order should be made
ROP = LTD +SS
senior decision examples
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decide entrance or exit from markets and approve capital budget
3 components of a DSS
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User interface management, data management, and model management
Annual usage
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demand is expressed in units and is the known or forecasted demand for
the product for one year
holding cost
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to as carrying Cost, is the cost associated with having inventory on hand
3 levels of management
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, senior, middle, operational
Simulation analysis
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process of modeling a situation under uncertainty to predict the statistical
probability of potential outcomes
scenario analysis is commonly used for
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most-likely scenario, worst-case scenario, or best-case scenario
risk assessment
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allows decision makers to pinpoint interventions or to avoid future
problems. Risk assessment analyzes
negative covariance
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Give this one a try later!
the level of inventory when an order should be made
ROP = LTD +SS
senior decision examples
,Give this one a try later!
decide entrance or exit from markets and approve capital budget
3 components of a DSS
Give this one a try later!
User interface management, data management, and model management
Annual usage
Give this one a try later!
demand is expressed in units and is the known or forecasted demand for
the product for one year
holding cost
Give this one a try later!
to as carrying Cost, is the cost associated with having inventory on hand
3 levels of management
Give this one a try later!
, senior, middle, operational
Simulation analysis
Give this one a try later!
process of modeling a situation under uncertainty to predict the statistical
probability of potential outcomes
scenario analysis is commonly used for
Give this one a try later!
most-likely scenario, worst-case scenario, or best-case scenario
risk assessment
Give this one a try later!
allows decision makers to pinpoint interventions or to avoid future
problems. Risk assessment analyzes
negative covariance
Give this one a try later!
