Question: In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen), and the
In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen), and the firm operates during 50 five-day weeks a year, the cycle time will be approximately:
a. 7 working days.
b. 10 working days.
c. 12 working days
d. 84 working days.
e. None of the above.
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