Question: Economic Order Quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs. 1) Whats the impact of positive lead time

Economic Order Quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs. 1) Whats the impact of positive lead time on EOQ? (2 marks) 2) Can supply chain managers in fast-fashion industries apply the EOQ model to manage their inventories? If yes, how? If no, why?

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