1Independent demand items are ______.aproducts in demand in countries that have declared their independencebproducts whose demand does not depend on demand for other finished productscproducts that are in demand irrespective of the price of the productdproducts that are in demand irrespective of the quality of the product2One of the assumptions of the EPQ (Economic Production Quantity) model is ______.athat there are several different products involvedbthat production runs to replenish inventory occur at regular intervalscthat the lead time for the receipt of orders varies depending on the orderdthat there are large discounts available at higher volumes3If we are producing the product or component in-house, then the total inventory-related cost on an annual basis is ______.athe 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 bthe 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 ctotal annual setup cost + total annual holding cost + total annual stock-out cost + total annual materials purchase cost dthe 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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Answered: Independent demand items are ______. a…

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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