53. Average demand for a particular item is 1,200 units per year. It costs $100 to place an ordemfor this item, and it costs $24 to hold one unit of this item in inventory for one year. If the fixedorder-interval model is chosen in this instance, how often (on average) will this item be ordereda) Once a monthb) Once every other monthc) Twice a monthd) Twice every three monthse) Three times every two months54. The EOQ model is most relevant for which one of the following?a) Ordering items with dependent demandb) Determination of safety stockc) Ordering perishable itemsd) Determining fixed interval ordering quantitye) Determining fixed order quantity55. What type of process would a paper mill be most likely to use?a) Continuous flowb) Projectc) Job shopd) Flow shop56. The transportation model method that is used to evaluate location alternatives minimizes ta) sourcesb) destinationsc) capacityd) shipping costs

Given- Annual Demand (D)= 1200 units Ordering or Setup Cost (S)= $100 Holding Cost (H) = $24 per…

Answered: 53. Average demand for a particular…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter3: Introduction To Optimization Modeling

Section3.8: A Multiperiod Production Model

Problem 22P

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