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Hungarian method and EOQ.

In making inventory decisions, the purpose of the basic EOQ model is to minimize

a. carrying costs.
b. ordering costs.
c. stock on hand.
d. the sum of carrying costs and ordering costs.

If the addition of a constraint to a linear programming problem does not change the
feasible solution region, the constraint is said to be

a. bounded.
b. infeasible.
c. non-negative.
d. redundant.

To solve maximization assignment problems using the Hungarian Method, you need to

a. convert the problem to an equivalent minimization problem.
b. decrease the problem size by 1.
c. increase the problem size by 1.
d. reverse all the rules used in the Hungarian Method (if it says subtract, now add, and so on).

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Hello,

Please find below response to your posting.

In making inventory decisions, the purpose of the basic EOQ model is to minimize
a. carrying costs.
b. ordering costs.
c. stock on hand.
d. the sum of carrying costs and ordering costs.
--> There is a tradeoff between ordering and carrying cost. As number of orders increase ordering cost increase but inventory carrying ...

Solution Summary

Solution shows explanation and answer of multiple choice questions.

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