Question: The basic EOQ model is based on an assumption of instantaneous receipt - meaning it applies to purchased items and not in-house production orders. True

The basic EOQ model is based on an assumption of instantaneous receipt - meaning it applies to purchased items and not in-house production orders. True False Question 13 (2.5 points) Lean systems are operations systems that maximize the value added by each of a company's activities by removing waste and delays from them. True False

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