Question 1 inventory formulas in a multiproduct reorder, Ask an Expert

Management Studies

Question 1: (Inventory Formulas) In a multiproduct reorder point subject to an aggregate service constraint, what will be the effect of increasing the cost of one of the parts on the fill rate of the part? On the fill rates of the other parts?

Question 2 (What Went Wrong?) What was the role of the computer in evolution of MRP?

Question 3 (A Quota-Setting Model) How is demand management practiced in MRP? In JIT?

Question 4 (Production Scheduling) What motivates maximizing utilization? What motivates not maximizing utilization?

Question 5 (Aggregate and Workforce Planning) What is the difference between a chase production plan and a level production plan, with respect to the amount of inventory carried and the fluctuation of output quarterly over time? How do the production plans generated by an LP model relate to these two types of plans?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92179795

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