Question: ii. For the basic EOQ Model with non-instantaneous replenishment, this in NOT one of the assumptions: C. a. Demand is known with certainty and is

ii. For the basic EOQ Model with

ii. For the basic EOQ Model with non-instantaneous replenishment, this in NOT one of the assumptions: C. a. Demand is known with certainty and is constant over time. b. No shortages are allowed. Lead-time for the receipt is constant. d. Order Quantity is received all at once. Production rate is constant and is larger than demand rate. e. iii. For the case of reorder point, when the reorder quantity (R) is larger than EOQ, then the adjusting procedure is: a. C. Reorder Quantity becomes equal to EOQ quantity. b. Not Applicable, R is NOT a function of EOQ; (R = u x L + zxOX VL). Reorder quantity is reduced by EOQ quantity. d. Reorder Quantity is reduced by EOQ quantity continuously until R is less than EOQ. e. EOQ is increased by the difference. f. Reduce the lead-time (L) so that the reorder quantity becomes less the EOQ. iv. When the safety stock is zero (O), the service level is: a. 100% b. 50% C. 96.3% d. 0% e. 87.6%

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