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.
Safety Stock and Reorder Point.
Your numbers will vary.
EOQ, Annual Order, and holding cost
Your numbers will vary.
Order how many pounds of oysters each day.
Your numbers will vary.
Classify as ABC items.
Your numbers will vary.
EOQ, avg inventory, number orders, days between orders, costs.
Your numbers will vary.