Supply Chain of Perishable Products: Inventory Management
Newsvendor Model in less than 60 minutes
4.20 (267 reviews)
4,634
students
1 hour
content
Apr 2021
last update
FREE
regular price
What you will learn
Newsvendor model
Inventory management of perishable products
Maximization of expected profits
Description
In this course, we will learn how to manage a supply chain of perishable products. After completing the course, you will be able to quickly find the optimal order quantity for any perishable product with any demand pattern. We will also consider the optimal level of overbooking for service businesses.
After taking this course, you will gain the following skills:
Improve the expected profits of your business with no extra investment
Simulate a complex problem and find the optimal solution in MS Excel
Master the Newsvendor Model
You can achieve all these by spending less than 60 minutes of your time!
Content
Introduction
Course Introduction
Instructor Introduction
Fundamentals of Newsvendor Model
What is a Perishable Product?
Elements of Newsvendor Model
Finding Parameters
Finding the Optimal Order Quantity
Identifying Demand Probability Distribution
Uniform Distribution
Normal Distribution
General Distribution
Extensions
Newsvendor Model for Overbooking
Simulation
Screenshots
Reviews
Ami
December 30, 2020
Very well designed. Teaching methodology is the best. Really able to understand the teacher. Thank you.
Edward
September 24, 2020
You are my life saviour. i wish you could have courses for transportation optimisation and general optimisation problems
Abhinav
May 15, 2020
It is really good and informative. It is neither too slow nor too fast - right pace to understand easily
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Enrollment distribution
Related Topics
3022450
udemy ID
4/19/2020
course created date
5/8/2020
course indexed date
Angelcrc Seven
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