Explain what is meant by the expression robust model. Specifically, what would you tell a manager who

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Explain what is meant by the expression “robust model.”

Specifically, what would you tell a manager who exclaimed,

“Uh-oh, we’re in trouble! The calculated EOQ is wrong;

actual demand is 10% greater than estimated.” lop5

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Operations Management Sustainability And Supply Chain Management

ISBN: 9781292295039

13th Global Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

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