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Fun with Numbers: Detective Techniques
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Module 11
The Boutique's Inventory Heist
1
Calculating Optimal Inventory: Economic Order Quantity (EOQ)
Compute the Economic Order Quantity (EOQ) for a product line to establish the optimal inventory policy under normal conditions.
Calculating Total Annual Inventory Cost at EOQ
Calculate the total annual inventory cost at the EOQ to create a financial baseline for measuring the impact of theft.
3
Reorder Point & Inventory Shrinkage Detection
Determine the reorder point for the boutique's stock, and use it to pinpoint when the inventory shrinkage likely began.
4
EOQ Sensitivity: Impact of Demand Discrepancies
Perform a sensitivity analysis on the EOQ model to reveal the scale of inventory manipulation based on discrepancies in demand data.
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The Mystery Client
Next module
The Mastermind's Gambit