Inventory Planning Model

NGUYỄN NGỌC HIỀN Abstract: The complexity in managing the inventory in a real business is very prominent, which raises a need of model to logically calculate stock levels (such as safety stock,..). These stock levels were calculated by a dozen of formulas. To bring the formulas into the sun, I carefully connected one by one […]

Application of ANOVA: A case study in Footwear manufacturing

NGUYỄN NGỌC HIỀN ANOVA stands for ANalysis Of VAriance. The following post will show you the practical implementation of One-Way ANOVA analysis in testing the heating temperature on the surface of shoes’ outsole. Problem Background The quality of adhesive bonding applied in shoes production is heavily affected by the heating temperature. Not too hot, not […]