This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the economic order quantity (EOQ) model, the optimum order quantity is obtained by identifying ... (Read 100 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jul 6, 2018
In the economic order quantity (EOQ) model, the optimum order quantity is obtained by identifying where the total cost curve and the ordering costs curve intersect.
 
  Indicate whether the statement is true or false.

Question 2

The goal of the economic order quantity (EOQ) model is to maximize the total costs that are categorized as carrying costs and ordering costs.
 
  Indicate whether the statement is true or false.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cuttiesgirl16

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE
Explanation: The optimum order quantity is obtained by identifying where the carrying costs curve and the ordering costs curve intersect.

Answer to Question 2

Answer: FALSE
Explanation: The goal of economic order quantity (EOQ) is to minimize, not maximize, the total costs that are categorized as carrying costs and ordering costs.


mydiamond

  • Member
  • Posts: 804
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

An Alternative Model of Global Stratification An Alternative Model of Global Stratification
A space-filling model of DNA. A space-filling model of DNA.
Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic Afterload is the pressure that the ventricles must overcome in order to open the aortic and pulmonic
Spacecraft optimum geometrical shape Spacecraft optimum geometrical shape
Economic practice question Economic practice question
Identifying recessive mutations in Drosophila using a balancer chromosome Identifying recessive mutations in Drosophila using a balancer chromosome
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library