Multiple Choice
Which of the following statements regarding inventory models is true?
A) Models using normal distribution assumptions may not represent situations with highly variable daily demand.
B) Models do not have to be consistent with the operational realities of production line and resource constraints.
C) It is usually safe to assume the cost of capital is negligible.
D) Catastrophic events can be reasonably incorporated in working models by use of simulation.
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Which of the following is not one
Q46: Work-in-process inventory is inventory in various stages
Q47: Phantom inventory is inventory that exists in
Q48: _ and _ costs are the two
Q49: Physical inventory generally exists in two forms:
Q51: The traditional EOQ model assumes known and
Q52: The _ system is a method for
Q53: Inventory models have to be consistent with
Q54: Supply management levers help reduce inventory through<br>A)
Q55: _ and _ analysis are two other