This post is not necessarily related to what we’ve been covering in class, but it is a very interesting application of inventory management. Scientists are going to St. Lucia in January to take inventory of the forests there. They are going to take stock of all the trees animals and birds and assess the health of the trees in a forest reserve. This sounds like a perfect job for someone with a graduate degree in operations management. You could spend the winter in the Caribbean counting trees. I’m really not sure what they are going to do with the inventory numbers once they finish their count. Maybe the forest is overgrown and they need to cut some of the trees down to save on inventory holding costs.
Whit Brown
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Well, I am not sure if this specific case is directly related to class, but I have seen programs on TV that talk about the forestry industry and how they manage inventory. From the show that I saw, the logging company was well aware of how many trees were in each stand and what there maturity levels were.
I wonder if you would model a forest with a negative inventory holding since the trees are growing, or if the forest would be looked at as a very slow production facility.
Anyway the show was interesting, it spoke about how the stands were monitored and selected for cutting, allowing for continuous harvesting.
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