Learn · Operations and Revenue Analytics
Lecture 14 of 40week-03
Lecture 14 - Monte Carlo Simulation for Inventory Management
Prof. Rajat Agrawal · IIT Roorkee
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- Operations and Revenue Analytics, IIT Roorkee (at NPTEL)
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All the lectures
- Lecture 01 - Operations Analytics: Introduction
- Lecture 02 - Operations Analytics Applications
- Lecture 03 - Descriptive Analytics
- Lecture 04 - Predictive Analytics: Forecasts based on historical demand data
- Lecture 05 - Predictive Analytics: Exponential Smoothing and Regression Analysis
- Lecture 06 - Predictive Analytics: Estimation of Errors in Forecasting
- Lecture 07 - Exponential Smoothing with Trend and Seasonality
- Lecture 08 - Exponential Smoothing (Winter’s Model)
- Lecture 09 - Inventory Management and Uncertainties
- Lecture 10 - Managing Uncertainty through Safety Inventory
- Lecture 11 - Supply Uncertainty, Quantity Discounts and Production Lot Sizing
- Lecture 12 - Decision Making under Uncertainty: Decision Tree
- Lecture 13 - Decision Tree Example
- Lecture 14 - Monte Carlo Simulation for Inventory Management
- Lecture 15 - Newsvendor problem: Optimal Stocking Quantity in a Single Period
- Lecture 16 - Optimal Stocking Quantity in a Single Period: Continued
- Lecture 17 - Optimal Product Availability in Continuous Stocking
- Lecture 18 - Material Requirements Planning
- Lecture 19 - Material Requirements Planning (Continued)
- Lecture 20 - Improvements in Material Requirements Planning
- Lecture 21 - Pricing and Revenue Management: Introduction
- Lecture 22 - Levels and Strategy of Revenue Management
- Lecture 23 - Case of Constrained Supply – Part -A
- Lecture 24 - Case of Constrained Supply – Part-B
- Lecture 25 - Booking Control and Nesting
- Lecture 26 - Managing Cancellations and Two- Class model
- Lecture 27 - Capacity Allocation
- Lecture 28 - Capacity Allocation: Two-class and Multiclass Models
- Lecture 29 - Multiclass Models: EMSR-a and EMSR-b
- Lecture 30 - EMSR-a and EMSR-b: Illustration on Excel
- Lecture 31 - Network Management
- Lecture 32 - Network Management: Virtual Nesting
- Lecture 33 - Virtual Nesting: Excel Illustration
- Lecture 34 - Overbooking
- Lecture 35 - Overbooking Policies
- Lecture 36 - Revenue Management: Price Based
- Lecture 37 - Single- Product Dynamic Pricing Without Replenishment
- Lecture 38 - Auctions
- Lecture 39 - Markdown Pricing
- Lecture 40 - Markdown Pricing and Conclusion