Question: True/False section:

___ a. In the Economic Order Quantity (EOQ) model, both the lead time and demand are assumed to be zero.

_ _ _ b. It is always better to buy the largest quantity to take advantage of quantity discounts and ignore inventory costs.

___ c. With just-in-time (JIT), the inventory arrives just as it is needed; JIT helps control inventory costs by reducing holding costs.

___ d. The purpose of a safety stock is to avoid stockouts in order to satisfy customer demand.

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