Posted: November 28th, 2016

Under which conditions would a plant manager elect to use a fixed-order quantity model as opposed to a fixed-time period model?

1- Under which conditions would a plant manager elect to use a fixed-order quantity model as opposed to a fixed-time period model? What are the disadvantages of using a fixed-time period ordering system?

2- How would you apply yield management concepts to a barbershop? A soft drink vending machine?