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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.
How the expected time estimate is calculated in PERT ? In PERT the expected time estimate is computed on the basis of Beta distribution of time estimates.
advantages of simple regression method for cost estimation.
Examples of Variations - Operations Function Volume Low: Small quantities
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any real problem may be self problem apply the system approach model to develop the appropriate solution for this problem
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