1-When ordering quantity is lower than EOQ, which one of the following is true?

The total number of orders placed will increase

The time between orders will increase

The total cost incurred will be lower than the total cost associated with EOQ.

The total inventory cost will be higher than the total ordering cost.

Question 2

With an economic ordering quantity, the total annual inventory cost is equal to $1000. What is the total annual ordering cost?

Question 3

When the ordering quantity increases,

-inventory holding costs will increase

-ordering costs will increase

-the total cost will increase

-both inventory and ordering costs will increase

Question 4

1-When both the demand and unit holding cost double, their total inventory holding cost will:

decrease by a factor of 1.41

not change

increase by a factor of 2.00

increase by a factor of 1.41.