Question: TRUE OR FALSE? a) For any inventory system that can be modeled by EOQ model, the average inventory level is equal to half of the

TRUE OR FALSE?

a) For any inventory system that can be modeled by EOQ model, the average inventory level is equal to half of the optimal order size.

b) For the EPQ model, the maximal on-hand inventory level is the production quantity in each production cycle.

c) Project scheduling is to determine the timing of all activities of the project.

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