Suppose the weekly demand of a product is 200 units on average and the order lead time is 2 weeks. How many kanbans are needed at a single location when we set the smoothing factor to 1.2? 480 960 400 Cannot be determined Suppose a maximization LP problem has the following four corner points: (0, 0), (10, 0), (5, 5), and (0, 7). If the objective function is X+ 2Y, what is the optimal objective value? 0 10 15 14 The objective of EOQ model is to: Calculate the reorder point, so that replenishments take place at the proper time Maximize customer service level Minimize total inventory holding cost in a year Minimize the sum of annual purchasing, setup, and inventory holding costs Which of the following statements is INCORRECT regarding the continuous-review and periodic-review inventory control models? It takes time to deliver an order in both models. Demand is assumed uncertain in both models. Orders are placed when the inventory position drops to zero in a periodic-review model. There is no re-order point in the periodic-review model.