Question 1

Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000, and ordering cost of $48.

Accepted Answer

TC = (1/2)

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

Periodic review inventory systems

Accepted Answer

A)  are less subject to stockouts than corresponding continuous review systems. 
B)  require larger safety stock levels than corresponding continuous review systems. 
C)  have constant order quantities. 
D)  make the coordination of orders for multiple products more difficult. 
A)  are less subject to stockouts than corresponding continuous review systems. 
B)  require larger safety stock levels than corresponding continuous review systems. 
C)  have constant order quantities. 
D)  make the coordination of orders for multiple products more difficult.

Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000, and ordering cost of $48.

The maximum inventory with backorders is

Periodic review inventory systems

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

Forecasting

Markov Processes

Filters

Exam 10: Inventory Models

Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000, and ordering cost of $48.

The maximum inventory with backorders is

Periodic review inventory systems

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

Forecasting

Markov Processes

Filters