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Littlefield Simulation Solution

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In summary, when looking back to day 50 in our simulation, we concluded that the new ROP was now 60 batches by using the ROP formula. We would recommend 3600 kits. The economic order quantity model is the most ideal method of inventory analysis. The EOQ is the optimum quantity of goods that can be purchased at any one time in order to minimize the annual total costs of ordering and holding items in inventory. Accurately following this model will be crucial to Littlefield achieving their desired metrics. In our team’s simulation, we purchased machines on day 50 at each station the stations utilizations and queues decreased substantially. This ultimately led to shorter lead times, which would allow Littlefield to acquire the most amount of profit

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