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Author Question: The EOQ model with back orders allowed contains three costs to minimize. The costs are: a.holding, ... (Read 19 times)

joe

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on: Aug 1, 2018
The EOQ model with back orders allowed contains three costs to minimize. The costs are:
  a.holding, shortage, and hire.
  b.holding, shortage, and order.
  c.holding, hire, and order.
  d.hire, shortage, and order.

Question 2

The continuous rate EOQ approaches the EOQ as:
  a.r increases.
  b.K decreases.
  c.K increases.
  d.r decreases.


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robbielu01

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Reply #1 on: Aug 1, 2018
Answer to Question 1

correct: b

Answer to Question 2

correct: a


joe

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Reply 2 on: Aug 1, 2018
Thanks for the timely response, appreciate it

jojobee318

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Reply 3 on: Yesterday
Excellent

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