Operations Management
Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
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Chapter F, Problem 16P

a)

Summary Introduction

To determine: The result of the existing policy when simulated over next 2 years.

Introduction: Simulation is the process that can be used in the operations, which would imitate the real-world process. Simulation process uses random sampling for the generation of realistic variability.

b)

Summary Introduction

To determine: The total inventory cost of the policy.

Introduction: Simulation is the process that can be used in the operations, which would imitate the real-world process. Simulation process uses random sampling for the generation of realistic variability.

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