Discuss the difference between the eoq and epq models

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1. Describe the underlying logic behind smoothing methods.

2. What is the M/M/1 queueing model?

3. Discuss the difference between the EOQ and EPQ models.

4. Discuss the concept of safety stock in stochastic inventory management.

5. Describe two utilities of DSM (there are more utilities, but you just need to describe only two of those).

6. Discuss the difference between the clustering and sequencing of DSM.

7. Discuss what the servitization is and why it is important.

8. Criticize the abuse of Cpk.

Reference no: EM132170754

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