1.In EOQ model, when there is no demand uncertainty, a reorder point is equal to ___________.

A. Base stock minus safety stock

B.Safety stock plus an economic order quantity (EOQ)

C. Two times base stock

D. 2 times the order quantity

E.Average daily demand times the length of the replenishment cycle

F.3 Weeks of supply

2.Holding low levels of inventory results in ___________ inventory carrying costs and ___________ stockout costs.

A. low; high

B. high; high

C. zero; high

D.high; zero

E.high; low

F.low; low

3.No-inventory retail store is an example of:

A. Location pooling

B. Better planning

C. Increased safety stock

D.Product pooling

E.Lead time pooling

F. Reduced salvage value