9. When Quantity Discounts are offered, we need to order _______.

Group of answer choices

the EOQ, always

the smallest possible quantity

the quantity that minimizes the total cost, which may not be the EOQ

always the EOQ as long as it satisfies the quantity band constraints

10. The most important way in which the Economic Production Quantity (EPQ) model differs from the Economic Order Quantity (EOQ) model is that in the EPQ model, __________, while in the EOQ model, it is not the case.

Group of answer choices

demand grows over time

entire replenishment does not happen instantaneously

holding cost is zero

fixed cost of a batch becomes zero

11. In a discrete demand distribution, the expected demand is the weighted average of all possible demand values, with the respective probabilities being the weights.

Group of answer choices

True

False

12. If the fixed cost of ordering, the percentage inventory holding cost, and the product cost remain the same, but the demand for the product increases, then we should order in smaller batches.

Group of answer choices

True

False

13. For the EOQ model to work, the lead time must be zero.

Group of answer choices

True

False