Question: QUESTION 3. 3a)Derive from first principles, listing all assumptions and defining all variables, the Economic Production Quantity model. Show all workings and use illustrations to

QUESTION 3. 3a)Derive from first principles, listing all assumptions and defining all variables, the Economic Production Quantity model. Show all workings and use illustrations to support your discussion. (50%) 3b) Describe five measures of customer service in inventory management. (50%)

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QUESTION 3. 3a) Derive from first principles, listing all assumptions and defining all variables, the Economic Production Quantity model. Show all workings and use illustrations to support your...

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