A Product with an EOQ of 400 has 50% Increase in Demand (or Order Cost)… what is effect on EOQ?
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Asks effect on EOQ if either demand or order cost increases.
CH 12 A Candle Shop at Beachfront Village
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
They give you the days in the month that the shop is operational, the demand for boxes of candles, how many can be produced in an hour, and the setup cost. Asks for the optimal inventory policy to minimize monthly inventory costs, days to produce boxes, cycle time, and optimal order quantity.
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Ch 12 Quick Stop Corner Convenience Store
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
They give you the cases sold in one year, they tell you the price to process and price per case and the amount of days they are open. Asks for the optimal inventory policy to minimize cost, cycle inventory level, economic order quantity, and cycle time.
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Concept – Actions Arising from ABC Analysis
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Actions resulting from ABC analysis may involve:
Concept – Benefits of Numerous Potential Suppliers
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
What advantage is associated with having numerous potential suppliers?
Concept – Excluded Assumption in Basic EOQ Model
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Which assumption is NOT considered in the basic Economic Order Quantity (EOQ) model?
Concept – Excluded Element from Holding Costs
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Which is NOT a component of holding costs?
Concept – False Statements about the Bullwhip Effect
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Which statement is NOT accurate concerning the bullwhip effect?
Concept – Identifying the Continuous Inventory Tracking System
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Which term describes a system that continuously records each withdrawal or addition to inventory?