To be solved by DKhetan:

I chose the inventory model as the selected operations research technique.

Research this topic in the text Operations Reseach by Cliff Ragsdale (if available), other business text sources, and on the open web.

1. List and explain the assumptions involved in your selected topic.

2. Discuss the types of problems for which this technique applies.

3. Describe the methodology and illustrate the technique with a worked example.