The chapter discusses the importance of economic mobility. a. What policies might the government pursue to increase economic mobility within a generation? b. What policies might the government pursue to increase economic mobility across generations? c. Do you think we should reduce spending on current welfare programs to increase spending on programs that enhance economic mobility? What are some of the advantages and disadvantages of doing so?
The Fundamentals of Production Planning and Control firstname.lastname@example.org Chapter 5 Inventory Management Inventory Management Chapter Outline: 1. Basic concepts of Inventory 2. Categories of Inventory 3. The inventory Lot Sizing Model – Economic Order Quantity 4. Independent Demand Inventory Reorder Models 5. Inventory Control – 3 First question: Why does a company have (need) inventory: a) Finished goods b) Materials 4 1. Basic Concepts of Inventory ● Inventory is “stored capacity”. It results from using the firm’s capacity to create a produc