In the EOQ model, the Periodic Review System (P system) order size equals to difference between reorder point and inventory position. 1) True 2) False A chase strategy will typically result in less total hires and layoff costs compared to level strategy. 1) True 2) False Question 16 (1 point) Modular items and postponement strategy should be chosen when a company adopted custom production in its process. 1) True 2) False Bullwhip effect is a phenomenon when fluctuation is amplified as demand gets closer to end consumer in a supply chain 1) True 2) False