Which of the following is a difference between the EOQ and the EPQ models? a)In the...
Which of the following is a difference between the EOQ and the EPQ models?
a)In the EOQ model, lead time is known, but not in the EPQ
model
b)In the EOQ model, shortages are allowed, but not in the EPQ
model.
c)In the EOQ model, additional inventory is received all at once,
but not in the EPQ model.
d)In the EOQ model, there are quantity discounts available, but not
in the EPQ model
Homework Answers
1. In EOQ there are quantity discounts available but not in the EOQ model
We know that the economic production quantity model is usually followed when the company produces its intermediate raw material. It creates the understanding of there not being quantity discounts since the entire production would need to be in one single batch.
~~~@#PLEASE LEAVE A THUMBS UP FOR THE ANSWER@~~~
Add Answer to:
Which of the following is a difference between the EOQ and the
EPQ models?
a)In the...
Which of the following is NOT an assumption of the EOQ model? a. Continuous review b....
Which of the following is NOT an assumption of the EOQ model? a. Continuous review b. Demand is known and constant c. Lead time is known and constant d. All demand is satisfied e. All of the above are assumptions of the EOQ model
In the Quantity Discount EOQ inventory model, which of the following items is NOT considered relevant...
In the Quantity Discount EOQ inventory model, which of the following items is NOT considered relevant in determining the lowest cost order quantity? A. The cost of placing an order. B. The individual purchase price of an item of inventory. C. The cost of carrying an item in inventory. D. The variability of demand during lead time. E. The annual demand for the product.
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent...
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent 50%-60% of all items but only 10%-15% of the total value? A. A items B. B items C. C items D. A items plus B items E. B items plus C items 27. If no variations in demand during the item's lead time exist and no safety stock is needed, then the ROP will equal to: A. the EOC B. expected demand during lead...
5. The purchase-order lead-time is a. The difference between the times an order is placed and...
5. The purchase-order lead-time is a. The difference between the times an order is placed and delivered. b. The difference between the products ordered and the products received. C. The discrepancies in purchase orders. d. The time required to correct errors in the products received. 6. If the purchase price per unit is constant, the carrying cost per unit is constant, and the ordering cost per order is constant, then the annual relevant total costs of having to have an...
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook...
Please answer and show all work .
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook. Suppose, however, that the constraint SO -0.8 is added to the model, where O is the order quantity and Sis the inventory level just after a batch of O units is added to inventory. Derive the expression for the optimal value of O, using the result for this model that the total cost per unit time...
What is the primary difference between time-series and associative forecasting models? A. Associative models do not...
What is the primary difference between time-series and associative forecasting models? A. Associative models do not predict demand B. Associative models incorporate variables that might influence the quantity being forecasted C. Time-series models are only used for long-range forecasts D. Time-series models are only used for economic forecasts
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling in...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
1. Basic EOQ Question: The inventory manager of ABC, Ltd., wants to order flour for its...
1. Basic EOQ Question: The inventory manager of ABC, Ltd., wants to order flour for its bakery in a cost effective manner. The bakery uses an average of 12,000 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $40 per order. Annual carrying costs are $37.50 per bag. REQUIRED: A. Determine the economic order quanity. B. What is the average number of bags on hand? C How many orders will there be per...
The Baumol model is: A) The exact same as the EOQ model B) Has one difference...
The Baumol model is: A) The exact same as the EOQ model B) Has one difference where the interest rate is substituted for the carrying cost per unit C) Considers cash flows, cost per sale of security and the interest rate D) Is based off linear regression models E) Has one difference where the cost per security sale is substituted for the cost per order
The economic order quantity (EOQ) model is a classical model used for controlling inventory and s...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent 50%-60% of all items but only 10%-15% of the total value? A. A items B. B items C. C items D. A items plus B items E. B items plus C items 27. If no variations in demand during the item's lead time exist and no safety stock is needed, then the ROP will equal to: A. the EOC B. expected demand during lead...
5. The purchase-order lead-time is a. The difference between the times an order is placed and delivered. b. The difference between the products ordered and the products received. C. The discrepancies in purchase orders. d. The time required to correct errors in the products received. 6. If the purchase price per unit is constant, the carrying cost per unit is constant, and the ordering cost per order is constant, then the annual relevant total costs of having to have an...
Please answer and show all work .
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook. Suppose, however, that the constraint SO -0.8 is added to the model, where O is the order quantity and Sis the inventory level just after a batch of O units is added to inventory. Derive the expression for the optimal value of O, using the result for this model that the total cost per unit time...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 2 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 4 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 5 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 6 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 6 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 6 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 10 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 11 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 11 hours ago