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If the expected outcomes for carrying costs and ordering costs using an analytical model (such as the EOQ) and a simulation vary, we should put

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If the expected outcomes for carrying costs and ordering costs using an analytical model (such as the EOQ) and a simulation vary, we should put more confidence in the simulation results assuming the simulation model was validated. True False Question 7 ( 2 points) A project process is a good process choice for products requiring high standardization and large volumes. True False Question 8 ( 2 points) Which of the following will likely have an impact on a demand pattern? Re-slotting (changing where/how product is displayed) Pricing Promotions Seasonality All of the above The resource whose capacity constrains the system is often called Bottleneck Blocker Mill Bay Kanban Question 10 (2 points) Large buffers should be used for all products that have volatile (sporadic) demand. True False

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