A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of $7.50 per unit. What is the total holding cost?

a.

200

b.

1500

c.

750

d.

500

The major objective for waiting lines is:

a.

Improve the service only

b.

Reduce time only

c.

None of the options

d.

Reduce time and improve the service

The objectives of inventory management are:

a.

Neither of the above

b.

Both of the above

c.

To reduce the sum of all costs involved

d.

To provide the required level of customer service

Albaik restaurant has expected 6 customers to arrive every hour .It needs 6 minutes to service a customer.What is the probability that the system is busy?

a.

100%

b.

50%

c.

60%

d.

10%

A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of $7.50 per unit. What is the EOQ?

a.

200

b.

100

c.

None of the options

d.

40000