Which of the following is the set of all cost components that make up the
fixed-order-quantity total annual cost (TC) function?A. Annual purchasing cost, annual
ordering cost, fixed cost
B. Annual holding cost, annual ordering cost, unit cost
C. Annual holding cost, annual ordering cost, annual purchasing cost
D. Annual lead time cost, annual holding cost, annual purchasing cost
E. Annual unit cost, annual set up cost, annual purchasing cost
Total annual cost = Annual purchase cost + Annual ordering cost + Annual holding cost.
See Equation 20.2.
Which of the following is a “focusing step” of Dr. Eli Goldratt’s theory of constraints?
A. Reduce system constraints.
B. Reinforce system constraints.
C. Support system constraints.
D. If you have no system constraints, make some.E. Identify system constraints.