SA
Answered
What are the assumptions of the EOQ model?
On May 15, 2024
The more important assumptions of the basic EOQ model are demand is known and constant over time, the lead time, that is, the time between the placement of the order and the receipt of the goods, is known and constant, the receipt of the inventory is instantaneous; i.e., the goods arrive in a single batch, at one instant in time, quantity discounts are not possible, the only variable costs are the cost of setting up or placing an order and the cost of holding or storing inventory over time, and if orders are placed at the right time, stockouts or shortages can be completely avoided.
SA
Answered
Identify the five components of job design.
On May 15, 2024
The five components of job design include job specialization, job expansion, psychological components, self-directed teams, and motivation & incentive systems.