Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 5, Problem 31AP

a)

Summary Introduction

Concept introduction:lead time is τ known as constant. Lead time uncertainty is common in practice. Lead time are independent random variable. The variability of lead time can be easily incorporate into the analysis.

b)

Summary Introduction

Concept introduction:lot size -reorder point system relies on the assumption that inventories are renewed continuous rate then periodically that is the state of the system is always known.

c)

Summary Introduction

Concept introduction:the new vendor model is appropriate for a problem that essentially restarts from scratch every period.newspaper has no value in the market. Same for three possible scrap value of the paper itself.

d)

Summary Introduction

Concept introduction: ABC classification system is one of the ranking items. Items are sequenced in decreasing order of annual dollar volume of sales or usage.

e)

Summary Introduction

Concept introduction:the extension of EOQ is also known as finite production rate model. Key random variable demand during the lead time.

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