Business, 06.04.2021 05:10 rue61

All of the following are true about the basic EOQ model except One half the order size equals the average inventory level. The average dollar value of inventory equals unit price multiplied by order quantity. Annual demand divided by EOQ will give the optimal number of orders per year. The reorder point equals daily demand multiplied by the lead time in days, excluding safety stock.

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All of the following are true about the basic EOQ model except One half the order size equals the av...