Question: In Economic Order Quantity (EOQ) model, average inventory per cycle is equal to ____________. Note: An inventory cycle is the time span between receiving two

In Economic Order Quantity (EOQ) model, average inventory per cycle is equal to ____________.

Note: An inventory cycle is the time span between receiving two consecutive orders

a)

zero

b)

half of the order quantity

c)

the order quantity

d)

the annual demand

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