GATE 2023 II Inventory control II Quiz 55
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Question 1
Question 2
1. Safety stock is the difference between the reorder level and lead time demand.
2. As safety stock increases, service level increases.
3. As safety stock increases, service level decreases.
Which of the following statements is/are correct __________?
Question 3
Question 4
1. Time of replenishment is zero.
2. Production rate is infinite.
3. Economic Batch Size exists at a point where inventory-carrying cost is equal to ordering cost.
Which of the following statements is/are correct ___________?
Question 5
1. Only one product is involved.
2. Lead time is constant.
3. Each order is received in a single delivery.
Which of the following assumptions is/are correct regarding the basic EOQ model _________?
Question 6
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