Question: Q1. Explain what is meant by the expression robust modet. Specifically, what would you tell a manager who exclaimed, Uh-oh, we're in trouble! The calculated

Q1. Explain what is meant by the expression

Q1. Explain what is meant by the expression "robust modet." 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." [10 Marks] [CO2, L4,L6]

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