Which is not an assumption of EOQ model Mcq? [Solved] (2022)

Which is not an assumption of EOQ model Mcq?

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

Which one of the following is not an assumption of EOQ model?

Which of the following is not an assumption of the basic Economic Order Quantity (EOQ) model? c. Quantity discounts are available. The EOQ model does not factor in discounts and actually, the EOQ will not be optimal in the case discounts are factored in the calculation.... read more ›

Which is the assumption in EOQ Mcq?

An assumption of EOQ is:

Demand is variable.... view details ›

What are the assumptions of EOQ model?

The EOQ model assumes that demand is constant, and that inventory is depleted at a fixed rate until it reaches zero. At that point, a specific number of items arrive to return the inventory to its beginning level. Since the model assumes instantaneous replenishment, there are no inventory shortages or associated costs.... view details ›

Which of the following is are the assumptions of economic order quantity EOQ Mcq?

Which of the following is/are the assumptions of Economic order quantity (EOQ)? There are no bulk purchase discounts for making orders in large sizes. All units purchased for each item of material cost the same unit price.... view details ›

What is EOQ model Mcq?

The ordering quantity Q* at which holding cost becomes equal to ordering cost and the total inventory cost is minimum is known as Economic Order Quantity (EOQ).... see more ›

Which one 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.... continue reading ›

What are the assumptions and limitations of EOQ model?

The assumptions made in the EOQ formula restrict the use of the formula. In practice cost per unit of purchase of an item change time to time and lead time are also uncertain. It is necessary for the application of EOQ order that the demands remain constant throughout the year which is not possible.... continue reading ›

Which of the following statements about basic EOQ model is true?

d . All of the above statements are true . If Ordering Cost were to progressively double, then the Economic Order Quantity would eventually increase since it is actually present on top. If Annual Demand were to finally double, then the Economic Order Quantity would then rise.... continue reading ›

Which is not true about economic order quantity model?

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.... view details ›

Which of the following is not an underlying assumption of break even analysis?

Answer: c. Variable costs per unit change over the relevant range.... continue reading ›

Which of the following statements about basic EOQ model is true?

d . All of the above statements are true . If Ordering Cost were to progressively double, then the Economic Order Quantity would eventually increase since it is actually present on top. If Annual Demand were to finally double, then the Economic Order Quantity would then rise.... read more ›

Which of the following is an assumption of the basic fixed order quantity inventory model?

The correct option is c). Price per unit of product is constant. A fixed order quantity (FOQ) can be defined as the inventory management technique in which the organizations place the inventory order when the stock reduces to re-order stock point.... read more ›

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