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Author Question: The EOQ model with quantity discounts attempts to determine (Read 56 times)

penza

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Question 1

Which of the following statements regarding the reorder point is not true?
◦ The fixed-period model has no reorder point.
◦ The reorder point is larger than d x L if safety stock is present.
◦ The re-order point is not determinable.
◦ There is a reorder point even if lead time and demand during lead time are constant.
◦ The reorder point is that quantity that triggers an action to restock an item.

Question 2

The EOQ model with quantity discounts attempts to determine
◦ how many units should be ordered.
◦ what is the lowest purchasing price.
◦ whether to use fixed-quantity or fixed-period order policy.
◦ what is the lowest amount of inventory necessary to satisfy a certain service level.
◦ what is the shortest lead time.


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Marked as best answer by penza on Dec 3, 2019

jonathanballen97

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penza

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Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it


sarah_brady415

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Reply 3 on: Yesterday
Excellent

 

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