Question: 1. In an inventory management problem, if the order size is decreased 20% below the optimal value, then how will the total cost change? a)

1. In an inventory management problem, if the order size is decreased 20% below the optimal value, then how will the total cost change? a) decrease by 20% or more. b) decrease by less than 20%. c) increase by 20% or more d) increase by less than 20%. 2. Which inventory control system uses an order of the same size each time? a) Periodic review. b) Continuous review. c) S&OP review

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