Questions from General Business Management

Q: What happens to the production run model when the daily production rate

What happens to the production run model when the daily production rate becomes very large?

Q: What is the overall purpose of MRP?

What is the overall purpose of MRP?

Q: What is the difference between the gross and the net material requirements

What is the difference between the gross and the net material requirements plans?

Q: What is the objective of JIT?

What is the objective of JIT?

Q: What is the purpose of inventory control?

What is the purpose of inventory control?

Q: Discuss the major inventory costs that are used in determining the EOQ

Discuss the major inventory costs that are used in determining the EOQ.

Q: Let the annual demand for an arbitrary commodity be 1,000

Let the annual demand for an arbitrary commodity be 1,000 units per year and the associated EOQ be 400 units per order. Under this circumstance, the number of orders per year would be (D>Q) = 2.5 orde...

Q: Under what condition is it possible for an LP problem to have

Under what condition is it possible for an LP problem to have more than one optimal solution?

Q: Develop your own set of constraint equations and inequalities, and use

Develop your own set of constraint equations and inequalities, and use them to illustrate graphically each of the following conditions: (a) an unbounded problem (b) an infeasible problem (c) a proble...

Q: Which of the following are probability distributions? Why?

Which of the following are probability distributions? Why? (a) RANDOM VARIABLE X PROBABILITY 2 ………………………………………….………….. 0.1 -1 ……………………………………………….…….. 0.2 0 …………………………………………………….. 0.3 1 ……………………………...