In the Basic EOQ Model, If D=6000 Per Year, S=$100

question 68

Multiple Choice

In the basic EOQ model, if D=6000 per year, S=$100, H=$5 per unit per month, the economic order quantity is approximately

• A) 24
• B) 100
• C) 141
• D) 490
• E) 600

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Definitions:

Positive Reinforcement

A process in which the introduction of a stimulus following a particular behavior increases the likelihood of the behavior's occurrence.

Positive Punishment

A form of behavior modification where something unfavorable is added after a behavior, with the intention of decreasing the likelihood of that behavior being repeated.

Observational Learning

Learning that occurs through observing the behaviors of others and imitating those behaviors without direct instruction or reinforcement.

Operant Conditioning

A process of teaching in which behavior modification occurs as a result of either encouraging rewards or imposing punishments.