Question: QUESTION 14 True or False: The Newsvendor Model cannot work when there is variation in demand. True False QUESTION 15 True or False: There are

QUESTION 14 True or False: The Newsvendor Model cannot work when there is variation in demand. True False QUESTION 15 True or False: There are times when it makes good business sense to order more than the Newsvendor optimal order amount would tell US to order True False QUESTION 16 True or False in the EP inventory model, if we use items per year for our usage rate, u, then u will equal the annual demand, D, and we can use the same numbers for both True False

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