Question: Consider an inventory system model where the annual ordering cost is $80,000 per year, and the total annual holding cost is $60,000 per year. Suppose

 Consider an inventory system model where the annual ordering cost is

Consider an inventory system model where the annual ordering cost is $80,000 per year, and the total annual holding cost is $60,000 per year. Suppose the company currently uses a consistent order size of 3000 units at a time (based on the executive's discussions with the supplier). Which one of the following statements is true about the optimal order quantity (EOQ)? EOQ=3000EOQ>3000 We cannot make any determination with the given information EOQ

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