QUESTION
Which of the following statements about a stable service system is NOT correct?
O The flow time of the whole process is equal to the waiting time + processing time.
O The flow rate is equal to the demand rate. O The number of customers in the system increases when the number of servers increases.
O The waiting time decreases when the processing time decreases.
QUESTION
4 points Save Answer
Ian sells 500 packs of chocolate per week at $80 per pack. The chocolate is ordered from a supplier who charges Ian $50 per order and $40 per pack. Ian’s annual holding cost percentage is 30%. Assume Ian operates 50 weeks a year. What is the economic order quantity that minimizes the total ordering and holding cost per year?
O 323 O 456 O 408 O 316
