A Computer Production Facility; EOQ vs EPQ
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Asks if EPQ quantity is higher or lower than the EOQ quantity
Asks if EPQ quantity is higher or lower than the EOQ quantity
Asks effect on EOQ if either demand or order cost increases.
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.
Your numbers will vary.
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.
Your numbers will vary.
For a seasonal product, what should the service level be set to?
ABC divides an company’s inventory on-hand into three groups based upon
ABC divides an company’s inventory on-hand into three groups based upon
All except which of the following statements about ABC are true?
Actions resulting from ABC analysis may involve: