Multiple Choice
Which of the following is NOT true regarding period order quantity method (POQ) of lot sizing?
A) The order quantity is constant.
B) The time interval of inventory coverage is constant.
C) POQ is derived directly from the EOQ.
D) POQ is better suited to lumpy demand than EOQ.
E) POQ and EOQ will try to order the same number of times per year.
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
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.
Q25: Which of the following are NOT assumptions