Identify True or False.StatementT or F1. Ifyou decrease the holding cost by (1/100)h, your EoQ will decrease by(1/10)h.2. After MRP II is called Manufacturing Resource Planning and not MaterialRequirements Planning.3. If the lead time is larger than the cycle time, your order arrives at your facilityat least one cycle later.4. You reduce your backorder cost if you continue to increase your service level.5. Newsboy model deals with one period only.6. (Q. r) models do not deal with stochastic demand.7. Uniform distribution may be used in EOQ.8. Estimations with larger MSE values are more accurate than lower ones.9. Zero inventory plan assumes chase strategy in aggregate planning.10. EOQ models possess very robust cost functions.11. If we reduce inventory, we have larger opportunity costs.12. If you have uniform distribution for demand, you cannot calculate orderquantity in Newsboy model.13. You cannot estimate for period 8 if you are using MA(7).14. You can estimate for period 10 if you are using MA(10).15. You can estimate for period 15 if you are using MA(9).

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Statement T or F 1. If you decrease the holding cost by (1/100)h, your EOQ will decrease by (1/10)h.

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Identify True or False.
Statement
T or F
1. Ifyou decrease the holding cost by (1/100)h, your EoQ will decrease by
(1/10)h.
2. After MRP II is called Manufacturing Resource Planning and not Material
Requirements Planning.
3. If the lead time is larger than the cycle time, your order arrives at your facility
at least one cycle later.
4. You reduce your backorder cost if you continue to increase your service level.
5. Newsboy model deals with one period only.
6. (Q. r) models do not deal with stochastic demand.
7. Uniform distribution may be used in EOQ.
8. Estimations with larger MSE values are more accurate than lower ones.
9. Zero inventory plan assumes chase strategy in aggregate planning.
10. EOQ models possess very robust cost functions.
11. If we reduce inventory, we have larger opportunity costs.
12. If you have uniform distribution for demand, you cannot calculate order
quantity in Newsboy model.
13. You cannot estimate for period 8 if you are using MA(7).
14. You can estimate for period 10 if you are using MA(10).
15. You can estimate for period 15 if you are using MA(9).

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