Questions from General Operations Management

Q: Explain the major assumptions of the basic EOQ model.

Explain the major assumptions of the basic EOQ model.

Q: Which part of the cost in the EOQ is a linear function

Which part of the cost in the EOQ is a linear function of the order quantity?

Q: Explain why it is not necessary to include product cost (price

Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity discount model requires this information.

Q: With the growth of Hard Rock Cafe—from one pub in

With the growth of Hard Rock Cafe—from one pub in London in 1971 to more than 163 restaurants in 68 countries today— came a corporate wide demand for better forecas...

Q: What are the advantages of cycle counting?

What are the advantages of cycle counting?

Q: Even if we have substantial uncertainty in the parameters in the EOQ

Even if we have substantial uncertainty in the parameters in the EOQ model, it is still quite a useful model. Discuss.

Q: List and briefly discuss the four techniques used to control labour as

List and briefly discuss the four techniques used to control labour as part of aggregate planning in the service industry.

Q: What is revenue management? Provide examples of industries where revenue management

What is revenue management? Provide examples of industries where revenue management is popular.

Q: Explain what the term disaggregation means when applied in a manufacturing environment

Explain what the term disaggregation means when applied in a manufacturing environment. What is the output of this process?

Q: Identify the two categories of aggregate planning strategies and explain the difference

Identify the two categories of aggregate planning strategies and explain the difference between them.