Question: QUESTION 1 Consider the case where a business orders from a supplier using a continuous review (Q) system, and in quantities that are consistent with

QUESTION 1 Consider the case where a business

QUESTION 1 Consider the case where a business orders from a supplier using a continuous review (Q) system, and in quantities that are consistent with the Economic Order Quantity (EOQ). How should the following change to a cost parameter or a condition affect their order quantity (assuming that they adjust their order quantities accordingly)? If the supplier is able to fill orders for the business quicker (i.e., shorter lead time), then the order quantity should O a. increase b. decrease O c. not be changed (stay the same)

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