Question: In the EOQ model by changing the parameters even in great levels little change is observed in the total cost. This phenomenon is stated in
In the EOQ model by changing the parameters even in great levels little change is observed in the total cost. This phenomenon is stated in which one of the following?
EOQ model uses independent demand.
EOQ model assumes demand is known.
EOQ model is robust.
EOQ model is simple.
EOQ model does not allow quantity discounts.
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