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Author Question: The primary purpose of the basic economic order quantity model shown below isQ = (Read 89 times)

jayhills49

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on: Dec 3, 2019

Question 1

Which of the following is not an assumption of the economic order quantity model shown below?

Q∗ =
◦ Demand is known, constant, and independent.
◦ The only variable costs are setup cost and holding (or carrying) cost.
◦ Production and use can occur simultaneously.
◦ Quantity discounts are not possible.
◦ Lead time is known and constant.

Question 2

The primary purpose of the basic economic order quantity model shown below is

Q∗ =
◦ to minimize the sum of carrying cost and holding cost.
◦ to calculate the optimum safety stock.
◦ to maximize the customer service level.
◦ to minimize the sum of setup cost and holding cost.
◦ to calculate the reorder point, so that replenishments take place at the proper time.
Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
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Marked as best answer by jayhills49 on Dec 3, 2019

ryansturges

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jayhills49

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Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review

steff9894

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Reply 3 on: Yesterday
Excellent

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