Question: 3 1 . Answer the following true or false. a . The lead time is always less than the cycle time. c . The newsvendor

31. Answer the following true or false.
a. The lead time is always less than the cycle time.
c. The newsvendor model does not include a fixed order cost.
e. For a finite production rate model, the optimal lot size to produce each cycle is equal to the maximum inventory each cycle.

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