Question: Problem #5 Multiple choice (2 points each) 1. Economic Order Quantity is based on the concept of minimizing: a. Holding Costs and Set-up/Ordering Costs b.

Problem #5 Multiple choice (2 points each) 1.

Problem #5 Multiple choice (2 points each) 1. Economic Order Quantity is based on the concept of minimizing: a. Holding Costs and Set-up/Ordering Costs b. Demand During Lead-Time C. Inventory needed for A items vs B/C Items 2. Reorder Points are set to cover: a. Holding Costs and Set-up/Ordering Costs b. Demand During Lead-Time C. Inventory needed for A items vs B/C Items

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