Inventory Control and Queuing Theory for GATE and Engineering Prep

Managing supply chains and service systems requires a deep mathematical understanding of how items and customers flow. This written course simplifies complex operations research concepts into clear, step-by-step explanations. You will transition from understanding basic definitions to confidently solving complex inventory and queuing problems, preparing you thoroughly for competitive engineering exams. What you'll learn: - Understand foundational inventory terminology, including holding, ordering, and shortage costs. - Calculate optimal order quantities using deterministic Economic Order Quantity (EOQ) models. - Analyze probabilistic inventory systems, safety stock, and reorder points under demand uncertainty. - Master queuing theory basics, including Kendall's notation and single-server queuing characteristics. - Apply mathematical formulas to solve multi-server waiting-line problems. - Explore modern applications of supply chain optimization and basic system simulation concepts. The course starts with essential terminology and foundational mathematical models, guiding you through progressive written explanations and analytical problems to build your problem-solving skills. Designed for engineering students, GATE aspirants, and beginners in operations research with no prior advanced background. Start reading today to master the core principles of inventory control and queuing theory.