Question: Consider the EOQ model with a slight modification. Suppose that demand occurs at discrete points in time, spaced 1/4 apart, in units of size 1.

Consider the EOQ model with a slight modification. Suppose that demand occurs at discrete points in time, spaced 1/4 apart, in units of size 1. We order batches of size 9. a positive integer, and each batch arrives instantaneously. (a) What is the average inventory level? (b) What is the optimal order quantity

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