A certain type of computer costs $$1,000,$ and the annual holding cost is $25\%$ of the value of the item. Annual demand is $10,000$ units, and the order cost is $$150$ per order. What is the approximate economic order quantity?

A$)16$

B$)70$

C$)110$

D$)183$

E$)600$

In the basic EOQ model, if $D=6000$ per year, $S=$$$100,$ and holding cost $=$$$5$ per unit per month, what is the economic order quantity?

A$)24$

B$)100$

C$)141$

D$)490$

E$)600$

Which of the following statements about the basic EOQ model is TRUE?

A$)$ If the ordering cost were to double, the EOQ would rise.

B$)$ If annual demand were to double, the EOQ would increase.

C$)$ If the carrying cost were to increase, the EOQ would fall.

D$)$ If annual demand were to double, the number of orders per year would increase.

E$)$ All of the above statements are true.

Which of the following statements about the basic EOQ model is FALSE?

A$)$ If the setup cost were to decrease, the EOQ would fall.

B$)$ If annual demand were to double, the number of orders per year would increase.

C$)$ If the ordering cost were to increase, the EOQ would rise.

D$)$ If annual demand were to double, the EOQ would also double.

E$)$ All of the above statements are true.

Pareto charts are used to:

A$)$ identify inspection points in a process.

B$)$ outline production schedules.

C$)$ organize errors, problems, or defects.

D$)$ show material flow.

E$)$ show the range of values of a measurement and the frequency with which each value occurs.