
ECONOMIC ORDER QUANTITY
Quiz
•
Other
•
12th Grade
•
Practice Problem
•
Hard
Mangarao Kuncham
Used 24+ times
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3 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most inventory models attempt to minimize....
The likelihood of a stockout
The number of items ordered
Total inventory based costs
The number of orders placed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the basic EOQ model, if the cost of placing an order doubles, and all other values remain constant, the EOQ will...
increase by about 41%
increase by 100%
increase by 200%
either increase or decrease
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements about the basic EOQ model is true?
If the ordering cost were to double, the EOQ would rise.
If annual demand were to double, the EOQ would increase.
If the carrying cost were to increase, the EOQ would fall.
All of the above statements are true.
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