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Feed-forward control system
Feed-forward control system describes a system in which deviations in the system are anticipated in a forecast of future results, so that corrective actions can be taken in advance of any deviation actually occurring. Examples of feed forward control systems include:
• Critical Path Analysis• Cash budget
EOQ mathematical model As costs of ordering and holding stock are equal at the EOQ point, we can build a simple mathematical model to solve the problem, as follows: (Q/ 2) X
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Optimum Solution From the stand point of implementing the LP solution, the mathematical classification of the variables as basic and non-basic is of no importance and should be
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