0
How would you respond to the criticism that eoq model tend to provide misleading results because value of d s and h are at best educated guesses?
While it's true that the EOQ model relies on input parameters that are estimates, it still provides a useful starting point for inventory management. By continually updating and refining these inputs based on real-world data and experience, the EOQ model can become more accurate over time. Additionally, sensitivity analysis can help in understanding the impact of variations in these parameters on the model's output.
What else can I help you with?
What is an ineference?
An inference is a conclusion drawn from evidence or reasoning rather than directly stated information. It involves making educated guesses or interpretations based on what is known.
What is the idea or statement that attempts to explain the relationship of observed factors an educated guess?
A hypothesis is a statement that attempts to explain the relationship between observed factors based on educated guesses or predictions. It serves as a testable proposition that can be supported or refuted through experimentation or observation.
What does infered mean?
"Inferred" means to derive or conclude information based on evidence or reasoning rather than on direct observation or explicit statements. It involves making educated guesses or assumptions about something.
What is an inductive statement?
An inductive statement is a generalization based on specific instances or observations. In other words, it involves drawing a conclusion about a whole group based on observations of a sample of that group. Inductive reasoning is used to make educated guesses, but it does not guarantee truth.
What is heuristic development?
Heuristic development refers to the process of creating rules or strategies that can help solve a problem in a faster or more efficient way. It involves using educated guesses or common sense to come up with solutions rather than relying on a systematic approach. Heuristics are often used in decision-making and problem-solving situations where a quick solution is needed.
What are inferences?
Inferences are educated guesses.
How can you know the future?
You can do some educated guesses in some cases, but of course you can never be sure.
Clues used to make guesses about things that can not be seen?
Inferences are clues or evidence that are used to make educated guesses about things that cannot be directly observed. These guesses are based on reasoning and logical interpretations of available information.
How do you know about egypts past?
Well from the things they left behind historians make educated guesses !
What is the main religion in Tanzania?
Current statistics on religious demography are unavailable because religious surveys were eliminated from government census reports after 1967. So the best we have is educated guesses. The latest educated guesses put the spilt between Christianity and Muslim as equal, with up to 40% of the population each. the other 20% is made up of other religions etc.
Why don't hypothesis all become theories?
A scientific theory is something that is expiremented/tested. Not all hypotheses will become theories because sometimes they aren't facts,they are educated guesses.
Define make educated guesses?
To guess at an answer using some knowledge of the subject but without sufficient evidence to draw a complete conclusion.
Theories differ from methods?
Theories are educated guesses about what the outcome of something will be. Methods are the actual experiments or research that is carried out to test the theories.
What is an ineference?
An inference is a conclusion drawn from evidence or reasoning rather than directly stated information. It involves making educated guesses or interpretations based on what is known.
How would we know what dinosaurs sound like if they were on Earth before us and never recorded?
We don't know what dinosaurs sounded like. The sounds depicted in movies and documentaries are educated guesses at best.
What is the difference between brute force search and heuristic search?
Brute force is a systematic approach. Heuristics use educated guesses, rules of thumb and common sense.
What is the idea or statement that attempts to explain the relationship of observed factors an educated guess?
A hypothesis is a statement that attempts to explain the relationship between observed factors based on educated guesses or predictions. It serves as a testable proposition that can be supported or refuted through experimentation or observation.
