INVENTORY MODELS | FIXED ORDER QUANTITY & FIXED TIME PERIOD MODEL | Q vs P MODELS | BBA/MBA | ppt
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PRODUCTION AND OPERATIONS MANAGEMENT - 02
This video consists of the following:
1. Different types of inventory control models i.e.
(i) Single period inventory model, and
(ii) Multi period inventory model
2. Fixed order quantity model (Q model) with diagrams
- With safety stock and Without safety stock
3. Fixed time period model (P model) with diagram
4. Difference between P model and Q model (or P system and Q system or FIXED ORDER QUANTITY MODEL and FIXED TIME PERIOD MODEL)
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