Questions from General Operations Management

Q: Suggest how we can set the time between deliveries in a fixed

Suggest how we can set the time between deliveries in a fixed period system.

Q: Explain what is meant by the expression “robust model.” Specifically

Explain what is meant by the expression “robust model.” Specifically, what would you tell a manager who exclaimed, “Uh-oh, we’re in trouble! The calculated EOQ is wrong; actual demand is 10% greater t...

Q: For its first two decades of existence, the NBA’s Orlando Magic

For its first two decades of existence, the NBA’s Orlando Magic basketball team set seat prices for its 41-game home schedule the same for each game. If a lower-deck seat sold for $1...

Q: What is “safety stock”? What does safety stock provide safety

What is “safety stock”? What does safety stock provide safety against?

Q: When demand is not constant, the reorder point is a function

When demand is not constant, the reorder point is a function of what four parameters?

Q: How are inventory levels monitored in retail stores?

How are inventory levels monitored in retail stores?

Q: Why would it be advantageous to supply a regional warehouse from the

Why would it be advantageous to supply a regional warehouse from the central warehouse using a fixed period system?

Q: With the advent of low-cost computing, do you see

With the advent of low-cost computing, do you see alternatives to the popular ABC classifications?

Q: What is the implication of the Pareto principle?

What is the implication of the Pareto principle?

Q: Identify and explain the types of costs that are involved in an

Identify and explain the types of costs that are involved in an inventory system.