Explain what is meant by the expression robust model. Specifically, what would you tell a manager who

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Explain what is meant by the expression “robust model”. Specifically, what would you tell a manager who exclaimed, “Uh-oh, we’re in trouble! The calculated EOQ is wrong; actual demand is 10% greater than estimated.”

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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Jan 09, 2014 07:17 AM

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Explain what is meant by the expression robust model. Specifically, what would you tell a manager who

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The EOQ model gives quite good results under inexact i...View the full answer

Operations management

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