ECON 351
University Of South Carolina
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ECON 351 QUIZ 6 VERIFIED SOLUTION
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ECON 351 QUIZ 6 VERIFIED SOLUTIONAnswer for Quiz 6
Question 1 Which of the following is NOT one of the assumptions of the basic EOQ model?
Annual demand requirements are known and constant. Lead time does not vary.
Each order is received in a single delivery.
Answer Quantity discounts are available.
Only one product is involved
Question 2 In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will: double.
increase, but not double. decrease by a factor of 2...
Exam (elaborations)
ECON 351 QUIZ 6 VERIFIED SOLUTION
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ECON 351 QUIZ 6 VERIFIED SOLUTIONAnswer for Quiz 6 Question 1 Which of the following is NOT one of the assumptions of the basic EOQ model? Annual demand requirements are known and constant. Lead time does not vary. Each order is received in a single delivery. Answer Quantity discounts are available. Only one product is involved Question 2 In the basic EOQ model, if lead time increases from five to 10 days, the EOQ will: double. increase, but not double. decrease by a factor of 2...
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