Question 1

Inventory models in which the rate of demand is constant are called

Accepted Answer

A)  fixed models. 
B)  deterministic models. 
C)  JIT models. 
D)  requirements models. 
A)  fixed models. 
B)  deterministic models. 
C)  JIT models. 
D)  requirements models.

Question 2

The maximum inventory with backorders is

Accepted Answer

A)  Q 
B)  Q − S 
C)  S 
D)  (Q − S) / 2 
A)  Q 
B)  Q − S 
C)  S 
D)  (Q − S) / 2

Question 3

The definition of service level used in this chapter is

Accepted Answer

A)  the percentage of all demand that can be satisfied from inventory. 
B)  the percentage of all order cycles that do not experience a stockout. 
C)  the percentage of demand during the lead-time period that can be satisfied from inventory 
D)  None of the alternatives is correct. 
A)  the percentage of all demand that can be satisfied from inventory. 
B)  the percentage of all order cycles that do not experience a stockout. 
C)  the percentage of demand during the lead-time period that can be satisfied from inventory 
D)  None of the alternatives is correct.

Question 4

In the EOQ model, the average inventory per cycle over many cycles is Q/2.

Accepted Answer

A) True 
 B)False

Question 5

​What compromise must be made in the how-much-to-order decision?

Accepted Answer

In the context of inventory management,

Inventory models in which the rate of demand is constant are called

The maximum inventory with backorders is

The definition of service level used in this chapter is

In the EOQ model, the average inventory per cycle over many cycles is Q/2.

What compromise must be made in the how-much-to-order decision?

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Waiting Line Models

Simulation

Decision Analysis

Multicriteria Decisions

Time Series Analysis and Forecasting

Markov Processes

Linear Programming: Simplex Method

Simplex-Based Sensitivity Analysis and Duality

Solution Procedures for Transportation and Assignment Problems

Minimal Spanning Tree

Dynamic Programming

Filters

Exam 10: Inventory Models

Inventory models in which the rate of demand is constant are called

The maximum inventory with backorders is

The definition of service level used in this chapter is

In the EOQ model, the average inventory per cycle over many cycles is Q/2.

​What compromise must be made in the how-much-to-order decision?

Introduction

An Introduction to Linear Programming

Linear Programming: Sensitivity Analysis and Interpretation of Solution

Linear Programming Applications in Marketing, Finance, and Operations Management

Advanced Linear Programming Applications

Distribution and Network Models

Integer Linear Programming

Nonlinear Optimization Models

Project Scheduling: Pertcpm

Waiting Line Models

Simulation

Decision Analysis

Multicriteria Decisions

Time Series Analysis and Forecasting

Markov Processes

Linear Programming: Simplex Method

Simplex-Based Sensitivity Analysis and Duality

Solution Procedures for Transportation and Assignment Problems

Minimal Spanning Tree

Dynamic Programming

Filters

What compromise must be made in the how-much-to-order decision?