Question $38$ marks

Select whether True or False

Suppose your holding cost is twice the setup cost, is the number of units ordered follows Economic Order Quantity Model?

True

False

For basic economic order quantity model, quantity discounts are not possible and aren't encouraged True False

Over the past $10$ weeks, demand for gears at Michael's Metals has been $140,230,100,175,165,220,200,$ and $178.$ Michael has placed weekly orders of $140,250,390,190,140,240,190,$ and $168$ units. You calculate bull whip measure to be $1\mathrm{.}58$

True

False

Suppose you calculate bull whip measure to be half $(0\mathrm{.}5).$ The supplier would see increased demand than that of retailer.

True

False