Explain the basic economic order quantity, Operation Management

Assignment Help:

The basic Economic Order Quantity (EOQ) model can be considered a special case of the Economic Production Quantity (EPQ) model under which of the following condition?
Answer

The demand per day is greater than production per day.

The production rate per day approaches 0.

The production rate per day approaches infinity.

The back order cost approaches infinity.

d/p = 1, where d is the demand per day and p Is the production per day.


Related Discussions:- Explain the basic economic order quantity

Upper Control limit, Twenty-five samples of size thirty (30) were collected...

Twenty-five samples of size thirty (30) were collected and a total of 48 nonconforming items were found yielding p-bar = 0.064. The three sigma upper control limit (UCL) for a p co

Explain ethical and managerial elements, Submit a 1,000-1,250-word paper th...

Submit a 1,000-1,250-word paper that identifies and examines various legal, ethical, and managerial elements as they apply to employee monitoring. Cite at least 2 references tha

Explain stakeholder relationships and social responsibility, Watch this Vid...

Watch this Video "Blue jean waste". Describe your reaction to this video and how you would respond if you were a leader of one of the corporations involved. In your journal entry

Explain hamilton marketing services, Could someone help me to figure out th...

Could someone help me to figure out this case? Thanks very much. Alex Hamilton founded Hamilton Marketing Services in 1999 after leaving a major marketing consulting firm in Chicag

Time study - process design, Time Study - Process Design Time study by...

Time Study - Process Design Time study by stopwatch or micro-motion analysis is the original method of work measurement devised by Taylor and his followers, and is still routi

Explain what is the profit if the bottleneck method advocate, The senior ma...

The senior management at Canine Kernels Company CKC is concerned with the existing capacity limitations so they want to accept the mix of orders that maximizes the company's profit

Describe what opportunities exist, What are Google's key resources and comp...

What are Google's key resources and competitive capabilities? What competitive liabilities and resource weakness does it have? What opportunities exist? What threats to its continu

Describe the peculiarity of location selection, Question 1: How is Brea...

Question 1: How is Break-even Analysis significant to investment, as well as, operational decisions Assumptions Importance of Break-even Analysis for operational deci

Explain eliminating the scrap, An operation has a 10% scrap rate. As a resu...

An operation has a 10% scrap rate. As a result, 72 pieces per hour are produced. What is the potential increase in labour productivity that could be achieved by eliminating the scr

Explain where was the world''s first air raid in 1849, Where was the world'...

Where was the world's first air raid in 1849 from hot air balloons?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd