Multiple Choice
Which of the following is NOT an assumption of the basic EOQ model?
A) Annual demand is constant and known.
B) Lead-time is constant and known.
C) No stockouts are allowed.
D) Quantity discounts are available.
E) The item is a single product; there is no interaction with other products.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: ABC analysis requires that inventory be classified
Q3: The carrying cost consists of the following
Q6: A decrease in an item's lead-time will
Q7: According to ABC Classification,a periodic review system
Q8: In general,it is extremely hard to estimate
Q9: The average inventory level is defined as
Q10: Which of the following statements is incorrect
Q11: Dependent demand is subject to market forces
Q20: The total cost per year for question
Q46: A computerized inventory system checks inventory levels