For the production lot size model to be appropriate the

Reference no: EM13622573

1. For the production lot size model to be appropriate, the relationship between D, annual demand, and P, maximum annual production rate, must be:

Select one:

a. D>P

b. D=P

c. no relationship exists

d. D<P

2. Which of the following is not a main category of cost in inventory models?

Select one:

a. Holding/carrying.

b. Production/procurement.

c. Customer satisfaction.

d. Quality/inspection.

Reference no: EM13622573

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