Question: 0.75 pts Question 24 In the Fixed Order Quantity Model (Q-model), the Economic Order Quantity equation has the following cost terms- Total inventory Costs annual

0.75 pts Question 24 In the Fixed Order Quantity
0.75 pts Question 24 In the Fixed Order Quantity Model (Q-model), the Economic Order Quantity equation has the following cost terms- Total inventory Costs annual cost of attending UNCC Cost per unit of product transportation costs and distribution costs setup cost or cost of placing per order and annual holding cost per unit 0.75 pts Question 25 What two basic decisions have to be made for an inventory-control rule or model? o what should be the forecasting model and who should the supplier be? How much space is available to carryinventory and do the firm has the capital to purchase it? o What type of food do students and faculty at the UNCC cafetaria eat and how much are they willing to pay for it? Do the supplier have the item in stock and can they deliver within the lead time? When should an item be ordered and how much should the order quantity be? 0.75 pts

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