The efficiency of an inventory system is often measured by the turnover ratio. The turnover ratio (TR) is defined by a. Does a high turnover ratio indicate an efficient inventory system? b. If the EOQ...

The efficiency of an inventory system is often measured by the turnover ratio. The turnover ratio (TR) is defined by

a. Does a high turnover ratio indicate an efficient inventory system?

b. If the EOQ model is being used, determine TR in terms of K, D, h, and Q.

 c. Suppose that D increases. Show that TR will also increase. Does this make intuitive sens