Question: A firm is presently purchasing an itme for inventory using the basic EOQ model. They plan on making the product themselves and will be using
A firm is presently purchasing an itme for inventory using the basic EOQ model. They plan on making the product themselves and will be using the EOQ model based on noninstantaneous receipt of inventory. If everything else stays the same, what changes should the firm expect?
Group of answer choices
Safety stock increases
EOQ decreases
Total relevant inventory annual setup and annual carrying cost increase
Average inventory level decreases
Reorder point increases
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