Assignment:
Q1. What is ABC inventory system?
Q2. What is economic order quantity?
Q3. What is economic production quantity?
Q4. Some operations use fixed order period instead of fixed order quantity. Examples?
Q5. At what condition, do we have the best operating condition in terms of order quantity and acquisition price when suppliers offer discount?
Q6. What are examples of single period inventory model? Can we use it for a money exchange store? Other examples.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.