In the economic order quantity model,the time between orders is ______.
A)given by dividing the number of orders by the number of working days in the year
B)given by dividing the demand by the economic order quantity
C)called the length of the order cycle
D)given by the product the number of orders and the number of working days in the year

Question

Quizplus · Accepted Answer

The time between orders in the economic order quantity model is also referred to as the length of the order cycle, as mentioned in option C. Option A is incorrect as it calculates the frequency of orders, not the time between them. Option B is incorrect as it calculates the economic order quantity, not the time between orders. Option D is incorrect as it calculates the total number of working days in a year, which is not relevant to the time between orders.

In the Economic Order Quantity Model,the Time Between Orders Is