Question: 1. The order quantity Q will be larger in a system with finite production as compared to a system with infinite production using the EOQ?

1. The order quantity Q will be larger in a system with finite production as compared to a system with infinite production using the EOQ?

True or False?

2. The holding cost for an item is $2 per month. The setup cost is $100 per order. The demand is 1000 units per year. What is the EOQ order amount Q?

3. The (S,s) model has a fixed period between part ordering.

True or False?

4.

What is not an assumption of EOQ?

A: No set up costs

B. Random Demand

C. No Holding costs

D. none of the above

5.You are setting inventory levels for a food store with space constraints. What inventory model works best?

A. EOQ

B. EOQ with space limits

C. P Policy (News Vendor) with Space Limits

D. Q, r

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