Answer the following statement(s) true (T) or false (F)
1. The demand is known and occurs uniformly and continuously throughout the year in the EPQ model.
2. For a particular product, the annual demand is 12,000, the number of working days in the year is 320, and the EOQ is 300. Given this information, the total number of orders per year is 40.
3. For a particular product, the annual demand is 12,000, the number of working days in the year is 320, and the EOQ is 300. Given this information, the time between orders is 8.
4. For a particular product, the total number of orders per year is 40, the number of working days in the year is 320, and the EOQ is 300. Given this information, the annual demand is 12,000.
5. If the order quantity in each order is small, then more orders will be placed, which will result in lower annual holding costs but higher annual ordering costs.
1. False
2. True
3. True
4. True
5. True
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Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false