In chapter 13, study the problem solving method of basic EOQ model, quantity discount, and reorder point with variable demand. Then solve:
1) Problem 13.1; a, b, c, and d (p.582)
2) Problem 13.5; a, b, c, and d (p.583)
3) Problem 13.29 (p.585)
Check answers from the back of the textbook. You must show details of your calculations.
Then answer these questions in 1-2 additional pages:
1. What are the assumptions of the basic EOQ model and to what extent do they limit the usefulness of the model?
2. Explain in general terms how a safety stock level is determined using customer service levels.
3. What are the objectives of an MRP system?
4. How does MRP II differ from MRP?
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