Question: Average inventory in the economic order quantity ( EOQ ) model is defined as: Average inventory in the economic order quantity ( EOQ ) model

Average inventory in the economic order quantity (EOQ) model is defined as:
Average inventory in the economic order quantity (EOQ) model is defined as:
one-half of the annual usage.
the order quantity divided by the number of inventory cycles per year
the annual usage divided by the number of inventory cycles per year
one-half of the order quantity

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