Date: Tuesday, December 03, 2013
Location: 3096 East Hall (3:10 PM to 4:00 PM)
Abstract: In this talk, I will introduce some inventory planning related mathematical models. It includes the Economic-Order-Quantity Model, the Dynamic Economic Lotsize Model, time varying stochastic demand inventory optimization problem, etc. If time permits, we can discuss supply chain problems with multiple locations. Since Supply Chain Management and Inventory Control is a big area, I tend not to make the talk comprehensive. Instead, I would like to generate interest. In terms of mathematical tools, Linear Programming and Dynamical Programming are the main ones.
Speaker: Jingchen Wu
Institution: University of Michigan