Question 1 A large number of forecasting methods are available. Discuss the categories of forecasting methods
Question 2 Explain how economic order quantity can be calculated by Model 1: EOQ with Uniform Rate of Demand and Instantaneous Replenishment
Question 3 The priority rule is a systematic procedure for assigning priorities for awaiting jobs. The common problem faced in most of the companies is assigning priority with respect to the job on hand for production. When there is a set of orders to be executed the question of prioritising arises. Priority rules provide the solution to the priority problems faced by companies. Describe in brief about Priority Rules for Scheduling?