Question: 1. (EOQ) Economic lOrder Quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs. 1} What's the impact of a

1. (EOQ) Economic lOrder Quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs. 1} What's the impact of a positive lead time on EOQ value? [maximum 50 words, 3 marks) 2} Can supply chain managers in fast-fashion industries apply the EOQ model to manage their inventories? If yes, how? If no, why? (maximum 100 words, 7 marks)

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