Question: In the basic EOQ model, if annual demand is 110, holding cost is $4.69 (per unit per year), and total inventory related cost on the
In the basic EOQ model, if annual demand is 110, holding cost is $4.69 (per unit per year), and total inventory related cost on the basis of EOQ is $430, the EOQ(rounded to the next whole number) is:
a.
55
b.
7
c.
215
d.
92
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