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COMM-225-QUIZ-5-ANSWERS 30 OUT OF 30 SCORED SOLUTION () CONCORDIA UNIVERSITY CA$21.04   Add to cart
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COMM-225-QUIZ-5-ANSWERS 30 OUT OF 30 SCORED SOLUTION () CONCORDIA UNIVERSITY
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COMM-225-QUIZ-5-ANSWERS 30 OUT OF 30 SCORED SOLUTION () CONCORDIA UNIVERSITY Question 1 In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will:

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  • December 30, 2023
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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COMM-225-QUIZ-5-ANSWERS 30 OUT OF 30 SCORED SOLUTION (2024-2025)
CONCORDIA UNIVERSITY

Question 1
In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will:

Select one:

a. increase, but not double

b. none of these
c. decrease by a factor of two

d. remain the same

e. double

Question 2
Given the following historical data and weights of .5, .3, and .2, what is the weighted three-period moving average forecast for period
5?

Select one:
a. 144.20

b. 143.00

c. 144.80

d. 144.67

e. 144.00

Question 3
Correct
An operations strategy for managing inventory when there has been a dramatic increase in holding costs but ordering costs have
been significantly reduced would be:

Select one:

a. unchanged order quantities
b. greatly increased order quantities

c. greatly decreased order quantities

d. slightly decreased order quantities

e. slightly increased order quantities

Question 4
If, in a single period inventory situation, the probabilities of demand being 1, 2, 3, or 4 units are .3, .3, .2, and .2, respectively, what is
the probability of selling no more than two units?

Select one:
a. .8

b. .5

, c. .3
d. none of these

e. .6

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