The primary purpose of the basic economic order quantity model shown below is Q* =

Options

1. to minimize the sum of carrying cost and holding cost

2. to maximize the customer service level

3. to calculate the optimum safety stock

4. to calculate the reorder point, so that replenishments take place at the proper time

5. to minimize the sum of setup cost and holding cost

VUUR WII UNU TUW Idlge ui all order should be placed to meet the requirement of 300 As? 0 Week 4, 40 AS O Week 5, 40 AS Week 1, 40 AS Week 4, 300 AS o Week 1, 300 AS QUESTION 24 2.5 points Save A The primary purpose of the basic economic order quantity model shown below is Q*= 2.0.5 Q1H to minimize the sum of carrying cost and holding cost O to maximize the customer service level O to calculate the optimum safety stock to calculate the reorder point, so that replenishments take place at the proper time O to minimize the sum of setup cost and holding cost 2.5 points s QUESTION 25 Which item to order and with which supplier the order should be placed are the two fundamental issues in inventory management