Question: 7) In the basic EOQ model, D - Annual Demand, Q - Order Quantity. The average inventory level is D/Q QD Q/2 d. None of

7) In the basic EOQ model, D - Annual Demand, Q - Order Quantity. The average inventory level is D/Q QD Q/2 d. None of the above Answer: The goal of the EOQ model is to minimize the order cost sum of carrying and ordering costs carrying cost order size sum of purchasing and ordering costs Answer: The following is an example of Capacity Option. Varying workforce size by hiring or layoffs Influencing demand Back ordering during high demand periods All of the above Answer: 10) When a company places an order for the same quantity whenever inventory decreases to a reorder point, it is using Continuous Review System Periodic Review System Both a. and b. None of the above

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