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3a) Derive from first principles, listing all assumptions and defining all variables, the Economic Production Quantity model. Show all workings and use illustrations to
3a) Derive from first principles, listing all assumptions and defining all variables, the Economic Production Quantity model. Show all workings and use illustrations to support your discussion. (50%) 3b) Describe five measures of customer service in inventory management. (50%)
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Operations Management
Authors: R. Dan Reid, Nada R. Sanders
4th edition
9780470556702, 470325046, 470556706, 978-0470325049
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