Question: Consider an inventory system model where the annual ordering cost is $20,000 per year. and the total annual holding cost is $44,000 per year. Suppose

Consider an inventory system model where the annual ordering cost is $20,000 per year. and the total annual holding cost is $44,000 per year. Suppose the company currently uses a consistent order size of 1500 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=1500EOQ>1500EOQ

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