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 125 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
Excellent

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Human Heart Model Human Heart Model
Lock and Key Model Lock and Key Model
Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ... Psychoactive substances: (left) Psilocybin is obtained from a species of mushroom; (right) LSD is ...
The operon model, as proposed in 1961 by Jacob and Monod The operon model, as proposed in 1961 by Jacob and Monod
Model depicting how genetic recombination Model depicting how genetic recombination
Reverse Genetics Approaches in Model Genetic Organisms Reverse Genetics Approaches in Model Genetic Organisms
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library