Question: 1. In EOQ and EPQ model, what is our objective? Minimize the total inventory holding cost Choose the lower production cost Choose the lower price

1. In EOQ and EPQ model, what is our objective?

  1. Minimize the total inventory holding cost
  2. Choose the lower production cost
  3. Choose the lower price
  4. Minimize the total annual cost

2. In linear regression, we need the assumption that the actual demand=forecast demand in the coming month.

  1. True
  2. False

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