ABC evaluation divides on-hand inventory right into three classes based upon:

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number of systems on hand.

You are watching: In the basic eoq model, if annual demand doubles, the effect on the eoq is:

unit cost.
annual demand.
annual dollar values.

The difference between the EOQ and EPQ models is:

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the EPQ design does not require the assumption of known, continuous demand.
the EPQ design does not need the assumption of instantaneous receipt.
the EOQ version does not need the presumption of constant, recognized lead time.
There is no difference in between the EOQ and also EPQ models.

The ideal level of safety and security stock is commonly determined by:

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minimizing full inventory moving costs.
choosing the level of safety stock that assures a given company level.
minimizing supposed stockout costs.
carrying adequate safety stock so as to eliminate all stockouts.

Extra units held in inventory to alleviate the possibility of stockouts space called:

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just-in-time inventory.
service levels.
safety stock.
reorder points.

In one EOQ model, if the yearly demand doubles, climate the optimal order dimension will:

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increase by 41.4%.
increase by 75%.
remain the same.
increase by 50%.

If both command time and also daily need are constant, the ROP is equal to:

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expected demand minus security stock.
safety stock.
daily need times lead time.
expected demand plus safety stock.

Which the the complying with statements is true?

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At the optimal order quantity for the EOQ model, complete ordering expenses will equal complete carrying costs.
According to alphabet analysis, items that have actually high unit expenses are always classified as A items.
Quantity discounts are allowed in the EOQ model.
Reorder points show the time between orders.

When making use of ABC analysis, what is the objective of classifying items into groups?

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To identify the total number of items in inventory.
To identify if an object has a greater dollar value.
To develop the ideal degree of manage over inventory levels.
To develop the unit expenses of the items.

In the EOQ model, the hatchet Q*/D would represent:

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the time between orders.
maximum inventory.
total delivering cost.
the variety of orders.

In the EPQ model, the hatchet Q*<1 − d/p> would represent:

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maximum inventory.
total hold cost.
average inventory.
total setup cost.

The EOQ or Q* is :

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the optimal list level to have on hand.
the optimal time to ar an order.
the optimal time between orders.
the optimal order dimension to place when ordering.

The holding price CH for the an easy EOQ version is a stop or carrying cost that is:

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per week.
per day.
per year.
per bespeak time period.

The need D for the basic EOQ model is:

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weekly demand.
annual demand.
monthly demand.
daily demand.

The change d is the demand in the reorder formula because that the straightforward EOQ model and also d is :

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per month.
per year.
per stimulate period.

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per day.
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