Critical Commentary 3: How Marginal Analysis Approach Connects to Single Period Inventory Problem
Learning Outcomes:
• Utilize inventory control methods (EOQ, JIT, ABC or MP) to reduce carry costs of inventory
Read, View & Comment – Week 9
Read Chapter 6: Inventory Control Models
Read Essentials of Inventory Management by Max Müller. The book describes how timeless stock-keeping fundamentals meet up-to-the minute technologies to optimize efficiency and drive profits. An online version can be found at the link below:
http://ibms.org/wp-content/uploads/2015/05/essentials_of_inventory_management.pdf
After reading the assigned chapter (s) for this week, demonstrate your understanding of key deliverables in the chapter(s) by writing a critical paper in Help write my thesis – APA format (maximum of two pages) on the following:
Select one of the following case studies and use the Case Study rubric to describe how the marginal analysis approach is applicable to the listed inventory problems of the selected article. Your essay should be maximum of 3 pages, written in Help write my thesis – APA format with at least one additional reference.
Adendorff, K., & Kruger, P. (2014). Dynamic inventory models: An illustrative case study. South African Journal of Industrial Engineering, 25,(3), 1-8.
Fauza, G. Prasetvo, H, Dania. N. K., & Amanto, B. S. (2018). Development of fold inventory model in an integrated vendor-buyer system: Case study in food industry.
AIP Conference Proceedings, 1977(1), 1-8.
Lin, D.-Y., & Ming-Hsi Wu. (2016). Pricing and inventory problem in shrimp supply chain: A case study of Taiwan’s white shrimp industry. Aquaculture, 456, 24-35.
Zouein, P.P. Abillama. W. R. & Tohme, E. (2002). A multiple period capacitated inventory model for airline fuel management: A case study. The Journal of the
