1. For the basic EOQ model, which of the following relationships is not true? A)

Question

1. For the basic EOQ model, which of the following relationships is not true? A) EOQ stands for Economic Order Quantity B) The average dollar level of inventory equals : unit price x order quantity C) the re-order point equals: daily demand x the lead-time in days D) At EOQ, annual ordering cost equals annual carrying cost
2. A graphical method cannot be used to solve an LP problem when there are: A) two constraints B) two decision variables C) four decision variables D) four constraints 1. For the basic EOQ model, which of the following relationships is not true? A) EOQ stands for Economic Order Quantity B) The average dollar level of inventory equals : unit price x order quantity C) the re-order point equals: daily demand x the lead-time in days D) At EOQ, annual ordering cost equals annual carrying cost
2. A graphical method cannot be used to solve an LP problem when there are: A) two constraints B) two decision variables C) four decision variables D) four constraints A) EOQ stands for Economic Order Quantity B) The average dollar level of inventory equals : unit price x order quantity C) the re-order point equals: daily demand x the lead-time in days D) At EOQ, annual ordering cost equals annual carrying cost
2. A graphical method cannot be used to solve an LP problem when there are: A) two constraints B) two decision variables C) four decision variables D) four constraints

Explanation / Answer

Hi,

Answers are:

1)

(B) The average dollar level of inventory equals unit price multiplied by order quantity

2)

C) four decision variables

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