INVENTORY MODELS | FIXED ORDER QUANTITY & FIXED TIME PERIOD MODEL | Q vs P MODELS | BBA/MBA | ppt

PRODUCTION AND OPERATIONS MANAGEMENT - 02

This video consists of the following:

1. Different types of inventory control models i.e.
      (i) Single period inventory model, and
      (ii) Multi period inventory model

2. Fixed order quantity model (Q model) with diagrams
       - With safety stock and Without safety stock

3. Fixed time period model (P model) with diagram

4. Difference between P model and Q model (or P system and Q system or FIXED ORDER QUANTITY MODEL and FIXED TIME PERIOD MODEL)