Author Question: The EOQ model with back orders allowed contains three costs to minimize. The costs are: a.holding, ... (Read 50 times)

joe · **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.