Which of the following statements concerning the economic order quantity EOQ model is true quizlet?

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Which of the following statements about EOQ model is true?
Which of the following is an assumption of the EOQ model quizlet?
Which of the following statements is not an assumption of the economic order quantity EOQ model?
Which of the following is not true about EOQ?

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The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year.72) Use the information in Scenario 9.1. What are the annual inventory holding costs if Talbot orders using the EOQ quantity?
A) less than or equal to $1,500
B) greater than $1,500 but less than or equal to $4,000
C) greater than $4,000 but less than or equal to $6,500
D) greater than $6,500

The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $20 per year. The company operates 250 days per year. 73) Use the information in Scenario 9.1. What are the annual ordering costs if Talbot orders using the EOQ quantity?
A) less than or equal to $1,000
B) greater than $1,000 but less than or equal to $2,500
C) greater than $2,500 but less than or equal to $4,000
D) greater than $4,000

74) Use the information in Scenario 9.1. What are the total annual holding and ordering costs if Talbot orders using the EOQ quantity?
A) greater than $7,000
B) greater than $5,000 but less than or equal to $7,000
C) greater than $2,500 but less than or equal to $5,000
D) less than or equal to $2,500

77) Use the information in Scenario 9.1. The purchasing manager decides that, in order to save purchasing time, orders for the XO-01 will be placed every three months, or four times per year. How much does this approach cost Talbot in total annual holding and ordering costs (instead of Talbot ordering using the EOQ quantity)?
A) greater than $18,000
B) greater than $14,000 but less than or equal to $18,000
C) greater than $10,000 but less than or equal to $14,000
D) less than or equal to $10,000

Which of the following statements about EOQ model is true?

The correct answer is b. An increase in demand will increase the EOQ.

Which of the following is an assumption of the EOQ model quizlet?

The more important assumptions of the basic EOQ model are demand is known and constant over time, the lead time, is known and constant, the receipt of the inventory is instantaneous.

Which of the following statements is not an assumption of the economic order quantity EOQ model?

∴ So, stochastic demand is not an underlying assumption of the basic EOQ model.

Which of the following is not true about EOQ?

Run size exceeds maximum inventory is not true about the EOQ model. Explanation: EOQ model is also referred to as the production lot size or the non-instantaneous gradual model. In the economic order quantity model, the rate of consumption and replenishment is not the same.