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BSOP 330 Master Planning Week 4 Inventory Models Discussion Question 2 Answer
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Download answer at https://www.examtutorials.com/course/bsop-330-master-planning-week-4-inventory-models-discussion-question-2-answer/
<b>Inventory Models (graded) </b><b>Choose one of the inventory models (either from the independent demand section or the dependent demand section), and explain why that model works in certain situations and not in others. Do we really need this many different ways to count widgets? How do costs come into play in such planning decisions?</b><b>What is the difference between independent and dependent demand?</b><b>Inventory control models assume that demand for an item is either independent of or dependent on the demand for other items. For example, the demand for refrigerators is independent of the demand for toaster ovens. However, the demand for toaster oven components is dependent on the requirements of toaster ovens.</b><b> </b><b>Describe the key points of Economic Order Quantity (EOQ) model and provide an example of how a business would utilize it. </b><b>What are the basic assumptions relating to EOQ?</b><b><span style="text-decoration: underline;">How do EOQ and POQ differ from each other, or do they?</span></b> https://www.examtutorials.com/course/bsop-330-master-planning-week-4-inventory-models-discussion-question-2-answer/ |
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