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11 Dec 2019
Which of these statements is not required in order for the EOQ model to be a reasonable approach?
A) The setup/ordering cost must exceed the annual holding cost of one unit.
B) The demand rate is known and constant.
C) The lead time is known and constant.
D) No constraints are placed on the size of each lot.
Which of these statements is not required in order for the EOQ model to be a reasonable approach?
A) The setup/ordering cost must exceed the annual holding cost of one unit.
B) The demand rate is known and constant.
C) The lead time is known and constant.
D) No constraints are placed on the size of each lot.
Margaux Elysse C. SiasonLv6
21 Aug 2020