Describe the IRAC Method of Briefing a Case

question 174

Essay

Describe the IRAC method of briefing a case. What is most important in briefing a case?

---

Definitions:

Linear Programming

A mathematical technique used to achieve the best outcome (such as maximum profit or minimum cost) in a mathematical model whose requirements are represented by linear relationships.

Subcontracting

The practice of assigning or outsourcing parts of the contractual work to third parties, often to leverage specialized skills or achieve cost efficiencies.

Inventory

The goods or materials a business holds for the ultimate goal of resale or production.

Aggregate Planner

A tool or process used to determine the optimum levels of production, inventory, and workforce required to meet forecasted demand while minimizing costs.