If the optimal production lot size decreases,average inventory increases.
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Q8: The single-period inventory model is most applicable
Q9: In the EOQ model,if the average inventory
Q10: Periodic review systems require smaller safety stock
Q11: An assumption in the economic production lot
Q12: When demand is independent,it is not related
Q14: As lead time for an item increases,the
Q15: If lead time is longer than the
Q16: The EOQ model is insensitive to small
Q17: Constant demand is a key assumption of
Q18: The terms "inventory on hand" and "inventory
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