Question $1$

The basic EOQ model is quite sensitive to errors in the estimates of the inventory costs.

True

False

Question $2$

In practice, it is not acceptable to round the quantity obtained with the EOQ formula to the nearest whole number.

$q,$

True

False

Question $3$

Newsvendor model can be used to manage the inventory of the copy paper.

$q,$

$q,$ True

False