Independent demand items are ______. a products in demand in countries that have declared their independence b products whose demand does not depend on demand for other finished products c products that are in demand irrespective of the price of the product d products that are in demand irrespective of the quality of the product
Independent demand items are ______. a products in demand in countries that have declared their independence b products whose demand does not depend on demand for other finished products c products that are in demand irrespective of the price of the product d products that are in demand irrespective of the quality of the product
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1 | Independent demand items are ______. |
a | products in demand in countries that have declared their independence |
b | products whose demand does not depend on demand for other finished products |
c | products that are in demand irrespective of the price of the product |
d | products that are in demand irrespective of the quality of the product |
2 | One of the assumptions of the EPQ (Economic Production Quantity) model is ______. |
a | that there are several different products involved |
b | that production runs to replenish inventory occur at regular intervals |
c | that the lead time for the receipt of orders varies depending on the order |
d | that there are large discounts available at higher volumes |
3 | If we are producing the product or component in-house, then the total inventory-related cost on an annual basis is ______. |
a | the sum of total annual setup cost and total annual holding cost less the sum of total annual stock-out cost and total annual materials purchase cost |
b | the ratio of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost |
c | total annual setup cost + total annual holding cost + total annual stock-out cost + total annual materials purchase cost |
d | the product of the sum of total annual setup cost and total annual holding cost to the sum of total annual stock-out cost and total annual materials purchase cost |
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