[Free] Supply Chain Of Perishable Products: Inventory Management
Newsvendor Model in less than 60 minutes – Free Course
What you’ll learn
- Newsvendor model
- Inventory management of perishable products
- Maximization of expected profits
Requirements
- Knowledge of basic statistics, e.g., mean or standard deviation
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:
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Improve the expected profits of your business with no extra investment
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Simulate a complex problem and find the optimal solution in MS Excel
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Master the Newsvendor Model
You can achieve all these by spending less than 60 minutes of your time!
Author(s): Timofey Shalpegin
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