Multiple Choice
Which of the following are NOT assumptions on which the economic order quantity (EOQ) is based?
A) demand is relatively constant and known
B) the item is produced continuously
C) order preparation costs, inventory carrying costs and lead times are constant and known
D) replacement occurs all at once
E) all of the above are true assumptions
Correct Answer:
Verified
Correct Answer:
Verified
Q15: A firm uses $20,000 of an item
Q16: In determining the economic order quantity (EOQ)
Q17: A supplier offers a quantity discount. Which
Q18: While working a simple EOQ problem, you
Q19: If the economic order quantity is to
Q20: If a purchase discount is taken:<br>1) There
Q21: Which of the following is <b>NOT</b> true
Q22: K the constant used for lot sizing
Q23: Quantity discounts cause companies to:<br>A) Order sooner.<br>B)
Q24: Which of the following statements is best?<br>I.