Optimum orders refers to the order size that will minimize the total of relevant costs, namely ordering and carrying costs. True False
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- QUESTION 25 In the economic order quantity (EOQ) model, where does the optimal order quantity value exist? OWhere holding cost is greater than ordering cost Where ordering cost is minimized Where ordering cost is zero Where ordering cost equals holding cost. Click Save and Submit to save and submit. Click Save All Answers to save all answers.Question 29 Which one of the following methods will be most suitable for managing dependent demand? Q-model ABC Analysis P-model The single-period model Material Requirements PlanningWhich of the following is NOT an assumption of the basic EOQ model? Question 29 options: No stockouts are allowed. Annual demand is constant and known. Quantity discounts are available. Lead-time is constant and known.
- TOPIC : Inventory Systems for Independent DemandIncorrect Question 10 In the EOQ model, what is the total annual purchasing cost if the optimal order quantity is 100, optimal number of orders per year is 5, and unit purchasing cost is $2. $40 $10 O $250 $1,000Question 29 Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2,000 bags of fertilizer a year. How many orders does Store A place per year if the order quantity is 20 cases? Group of answer choices 80 40 20 10
- Question2: A company that sells fruit juices sells 1250 cases of fruit juice from cases priced at $50 per case in a month. The business is in city x and juices are ordered from city y. Each order costs the business $250. Storage costs are 20% of a case of fruit juice. According to this;a) the economic order quantity of the enterprise?b) How many days is the time between two orders?c) What is the total inventory cost of the business, including the acquisition costs, in dollars/month?Question 23 A truck maintenance facility has annual demand of 25000 gallons of motor oil and operates 360 days per year. The lead time from placement of an order for motor oil until delivery is 5 days and the standard deviation of daily usage is 12.5 gallons. Use z=1.28 for a 90% service level and determine the appropriate re-order point. O 347.22 gallons 35.77 gallons 383 gallons 370 gallonsQuestion 7 Firm develop new products to a.gain market share and build brand equity b.keep their research and development teams gainfully employed c.take up slack in capacity d.gain first mover advantage and eliminate waste Question 8 Economic order quantity (EOQ) assumes all of the following conditions apply .demand is known and is constant over time .there are no shortages allowed.lead time for the receipt of orders is constant.Order quantity is received all at once true or false? question 10 Trade-offs in the new product development relate to A.Product / service design, time to market and profitability B.Proft. Expenditure and market share C.Time. cost and quality D.Market reach, product / service design and timing
- QUESTION 20 What are purchased items or extracted materials that will be transformed into components or products called? A. finished goods inventory B. MRO inventory C. raw materials inventory D. distribution inventory E. work-in-process inventory QUESTION 21 Which inventory function exists between the manufacturing plant and the distribution plant? OA. transportation inventory OB. lot-size inventory C. anticipation inventory D. fluctuation inventory E. speculative inventory QUESTION 22 In inventory management, when discussing customer service we mean: OA. whether repair of the product is available. B. whether the product is available regardless if the customer desires it or not. OC. whether the product is available when the customer wants it. OD. whether the customer wants the available product. OE. whether the customer is available when the product is.Question 3 Which of the following Inventory Holding Costs refers to the cost associated with return on the investment in inventory? Service Capital Cost Space RiskQuestion 2. A convenience store, Shop Around the Corner, sells 5000 cans of peas every year. Shop Around the Corner owns his own trucks, each of which has capacity of carrying 100 cans. Utilizing each truck costs $100. There is also $50 fixed replenishment cost and $1 per unit per year inventory holding cost. a) Calculate the optimal order quantity of Shop Around the Corner at each replenishment? b) If Shop Around the Corner has a storage capacity of 680 cans, how would the optimal order quantity change?