Question $11(3.$s points$)$

The difference between the left$-$hand side and right$-$hand side of a less$-$than$-$or$-$equal to constraint is referred to as inventory

constraint

probability

slack

Question $12(3\mathrm{.}5$ points$)$

In making inventory decisions, the purpose of the basic EOQ model is to minimize

the sum of carrying cost and ordering cost.

carrying cost.

ordering cost.

purchase cost.