Lot-for-lot strategy over fixed order quantity strategy

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Reference no: EM132190417

1. Why would a company choose a Lot-for-Lot strategy over a Fixed Order Quantity strategy? What would be three advantages and three disadvantages of each and include at least three examples (for each) of products that would most likely use each of the strategies. Note: Put your advantages and disadvantages and examples in the below table to organize your answer. You can adjust the spacing/size in any way.

2. Let us assume that you are hired as a system analyst to replace or upgrade an airline reservation system. Can you discuss how you would go about performing an economic feasibility for this project?

Reference no: EM132190417

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