**Question:**Which of the following graphs correctly portrays the relationship between inventory level (y-axis) and time (x-axis) according to the economic order quantity model?**Graph Descriptions:**1. **Option A:** - The graph shows a parabolic curve, opening upwards. The inventory level decreases initially and then increases again over time, forming a 'U' shape.2. **Option B:** - The graph depicts a step-like pattern, starting at a higher inventory level and decreasing linearly over time with a sudden jump back to the initial level, repeating this cycle.**Explanation:**The economic order quantity model typically portrays inventory levels decreasing steadily over time due to consumption, followed by a restock which resets the inventory level to its maximum. Based on this description, identify the correct graph. The image presents two line graphs, each depicting a series of connected triangular shapes. Graph C (top graph):- The graph consists of two connected triangular peaks.- Each triangle starts at the base with its peak reaching upwards, then returning back to the baseline.- The pattern repeats once.Graph D (bottom graph):- The graph consists of three connected triangular peaks.- Each triangle follows a similar pattern: starting from the baseline, reaching a peak, and returning to the baseline.- The pattern repeats twice.Each option is marked with a circular indicator to the left, suggesting a multiple-choice selection format.

Economic Order Quantity (EOQ) is a technique using for identifying the optimal ordering quantity…

Answered: Which of the following graphs correctly…

Practical Management Science

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which of the following graphs correctly portrays the relationship between inventory level (y-axis) and time (x-axis) according to the economic order quantity model? O O A. B