Questions from General Business Management

Q: What assumptions are made in the production run model?

What assumptions are made in the production run model?

Q: Briefly describe what is involved in solving a quantity discount model.

Briefly describe what is involved in solving a quantity discount model.

Q: When using safety stock, how is the standard deviation of demand

When using safety stock, how is the standard deviation of demand during the lead time calculated if daily demand is normally distributed but lead time is constant? How is it calculated if daily demand...

Q: Briefly explain the marginal analysis approach to the single-period inventory

Briefly explain the marginal analysis approach to the single-period inventory problem.

Q: Briefly describe what is meant by ABC analysis. What is the

Briefly describe what is meant by ABC analysis. What is the purpose of this inventory technique?

Q: After watching a movie about a young woman who quit a successful

After watching a movie about a young woman who quit a successful corporate career to start her own baby food company, Julia Day decided that she wanted to do the same. In the movie, the baby food comp...

Q: Under what circumstances can inventory be used as a hedge against inflation

Under what circumstances can inventory be used as a hedge against inflation?

Q: Why wouldn’t a company always store large quantities of inventory to eliminate

Why wouldn’t a company always store large quantities of inventory to eliminate shortages and stockouts?

Q: What are some of the assumptions made in using the EOQ?

What are some of the assumptions made in using the EOQ?

Q: What is the ROP? How is it determined?

What is the ROP? How is it determined?