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Inventory and Quality Management
Inventory Models and Network Modeling
Optimising complex processes systems and organisations is at the heart of industrial engineering and this free online course in ‘Inventory Models and Network Modelling’ teaches you the fundamental theories and applications of inventories as well as the network modelling approach. You will learn about the economic order quantity (EOQ) model that can be applied in consumption as well as the demand rate situation. The EOQ model can be used where demand is not fixed and this technique and its effectiveness in production is covered in-depth.You will also be introduced to network modelling project management as well as the PERT (program evaluation review technique) model and its applications. Cost minimization resource utilisation as well as the maximisation of productivity and output using the PERT model will be highlighted. You will also learn how to determine the probability for completion of the project at a particular time as well as how to calculate the various time-values and total project duration.This course analyses different inventory models for optimisation determining the critical path method and how to estimate ‘optimistic’ and ‘pessimistic’ times. If you want to know how to control inventory in manufacturing industries how to manage systems and put together realistic timelines register now and start studying today.
Disclaimer: Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
By clicking the button above, you acknowledge that you will be redirected to a third-party website and agree to their terms and conditions.
Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
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Share this product with a friend:
Refer a friend and earn 0.05 CEC when they click the link, plus an additional 1.00 CEC if they register. Share this Product and boost your earnings together!