Question: Question1 If holding costs increased, would your order quantities tend to be a) larger, b) smaller, or c) the same? Question2 If ordering costs increased,

Question1

If holding costs increased, would your order quantities tend to be a) larger, b) smaller, or c) the same?

Question2

If ordering costs increased, would your order quantities tend to be a) larger, b) smaller, or c) the same?

Question3

In the simulation, the truck delivers products the week after you submit the order. This is essentially a zero week "lead time." Assume that the lead time increased to two weeks. Would your order quantities tend to be a) larger, b) smaller, or c) the same?

Question4

Assume you could get next-day delivery for a small additional fee. That is, you could order on any day and the order would be delivered the next day rather than having to wait until the end of the week to place your order. For which product would that be most helpful in lowering inventory costs? a) wrenches, b) rock salt, c) it doesn't matter.

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