Assumption of the basic eoq model

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Reference no: EM132190714

1. Which of the following statements concerning project closing is NOT correct?

a. All of these choices are correct statements.

b. After the project is formally closed, the product or results are turned over to the new owners.

c. Clearly defining what constitutes the end of the project is important.

d. Closing includes paying all bills and settling all subcontracts.

2. Which of the following is an assumption of the basic EOQ model?

Demand may be seasonal.

Back orders are allowed.

Orders can arrive in partial shipments.

Ordeing cost is known and constant.

Lead time is unknown.

3. Which of the following is information needed to estimate the project's completion time? Check all that apply.

A network diagram.

Optimistic completion time of the project.

A Gantt chart.

Most likely start times of each project activity.

Time estimates for each project activity.

Reference no: EM132190714

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