Probelm 1:
What is an EOQ model? Describe explanation (basic EOQ model)
Explanation of total cost (including formula, order cost, holding cost etc.)
Graph showing EOQ model ,EOQ formula drawback of EOQ(including key conditions)
Reasons why EOQ model is used
Probelm 2:
Show the types of locator system
- Memory system
- Random location system
- Fixed location system
- Combining system