Question: Consider an inventory system model where the annual ordering cost in $7,000 per year, and the annual holding cost is $6,000 per year. Suppose the

Consider an inventory system model where the annual ordering cost in $7,000 per year, and the annual holding cost is $6,000 per year. Suppose the current order size is 800 units at a time. Which one of the following statements is true about the optimal order quantity (EOQ)?

EOQ=800

EOQ>800

EOQ<800

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