Question: Question 1 ( 3 Parts ) Part A . Develop the inventory profile of the EOQ model for 1 3 days where lead time is
Question Parts
Part A Develop the inventory profile of the EOQ model for days where lead time is days, usage rate unitsday and EOQ is units. What is ROP and inventory on day
Part B Draw the EPQ diagram with a run time of days and a cycle time is days. Find the maximum inventory if the production rate is units and usage rate is units.
Part C How much can you save if you use EOQ instead of any other quantity? Explain it with the diagram. Assume all the necessary values.
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