Nova QNT5160 Quiz 4 2018
Nova QNT5160 Quiz 4 2018
All 3 results
Sort by
-
Nova QNT5160 Quiz 4 2018
- Exam (elaborations) • 5 pages • 2019
-
- $7.49
- + learn more
Question
QUESTION 1
The goal of the basic EOQ model is to:
minimize the sum of setup and holding costs.
minimize the sum of purchasing and setup costs.
minimize order size.
minimize order cost.
minimize holding cost.
QUESTION 2
As the ratio of arrival rate to service rate is increased, which of the following is likely?
The average wait time decreases.
Utilization is decreased because of the added strain on the system.
The average number in the system decreases.
Customers move through the system ...
-
Nova QNT5160 Quiz 4 2018
- Exam (elaborations) • 5 pages • 2018
-
- $10.49
- + learn more
Question
QUESTION 1
The goal of the basic EOQ model is to:
minimize the sum of setup and holding costs.
minimize the sum of purchasing and setup costs.
minimize order size.
minimize order cost.
minimize holding cost.
QUESTION 2
As the ratio of arrival rate to service rate is increased, which of the following is likely?
The average wait time decreases.
Utilization is decreased because of the added strain on the system.
The average number in the system decreases.
Customers move through the system ...
-
Nova QNT5160 Quiz 4 2018
- Exam (elaborations) • 5 pages • 2018
-
- $11.49
- + learn more
Question
QUESTION 1
The goal of the basic EOQ model is to:
minimize the sum of setup and holding costs.
minimize the sum of purchasing and setup costs.
minimize order size.
minimize order cost.
minimize holding cost.
QUESTION 2
As the ratio of arrival rate to service rate is increased, which of the following is likely?
The average wait time decreases.
Utilization is decreased because of the added strain on the system.
The average number in the system decreases.
Customers move through the system ...
Get paid weekly? You can!
That summary you just bought made someone very happy. Also get paid weekly? Sell your study resources on Stuvia! Discover all about earning on Stuvia