Question: 1. Setup costs for the economic production quantity (EPQ) model are similar to which costs in the basic EOQ model? Multiple Choice Shortage Carrying Ordering

1. Setup costs for the economic production quantity (EPQ) model are similar to which costs in the basic EOQ model?

Multiple Choice

Shortage

Carrying

Ordering

Holding

2.

Which one of the following is not one of the assumptions of the basic EOQ model?

Multiple Choice

Lead time does not vary.

There are no quantity discounts.

Annual demand is a known quantity.

All are assumptions of the basic EOQ model.

3.

The single period model is used for ordering perishables and other items with limited useful lives.

Multiple Choice

True

False

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