answer the following MCQs (without explanation ) -

a) Which of the following is not an assumption that underlines the EOQ model

Select one:

a. Demand and lead-time are known and constant. b. Purchase Order Cost does not vary with the quantity ordered

c. Ordering and Inv.carrying cost expressions include all relevant costs and these costs are constant

d. The quantity ordered always remains constant

b)Which of the following is not an advantage of an MRP system

Select one:

a. Is a detailed means of controlling Inventory items

b. Aids in Capacity Planning

c. Optimizes Inventory levels

d. Integrates information from different Departments within an Organization

c)Which of the following systems is the most appropriate for a production organization which has very little scope for product variety and which produces in large volumes?

Select one:

a. Process focussed system

b. Product focussed batch system

C. Product focussed Production system

d. Cellular Manufacturing system

d) _____ is determined by estimating the expected usage Inventory during the leadtime plus the safety stock required

Select one:

a. Reorder Point

b. Stock-out Point

c. Buffer stock level

d. Service level