Which of the following is a step in the simulation methodology?
a. Describing the problem in order to understand the business model
b. Designing a conceptual model
c. Collecting data
d. All of the above
D
Business
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In a noninstantaneous receipt model, daily demand is 55 units and daily production is 120 units, Co = $70 and Cc = $4 per unit per year. What is the maximum inventory level? (Assume that the facility is open 365 days per year.)
A) 616.9 B) 618.4 C) 620.3 D) 622.9
Business
An example of external pressures toward change is/are _____
a. the management b. laws and values held by society c. work teams d. exposure to the culture of other departments e. all of the above
Business