Question: 1. Excel Solver can be used to calculate: Minimum total cost and optiimal EOQ reorder level economic order cost annual storage cost 2. The calculated

1. Excel Solver can be used to calculate:

Minimum total cost and optiimal EOQ

reorder level

economic order cost

annual storage cost

2. The calculated value for EOQ should be stated in at least 2 decimal places to ensure accuracy. (T/F)

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