Question: In the EOQ model for a product, suppose the weekly demand increases by 50% of the previous value from this week onwards, and is expected

In the EOQ model for a product, suppose the weekly demand increases by 50% of the previous value from this week onwards, and is expected to remain at this level in the future; everything else remains unchanged.

The purchasing manager should respond by increasing the EOQ by roughly what percentage of its previous value?

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The Economic Order Quantity EOQ formula is EOQ 2 D S h where D Demand per unit of time usually weekl... View full answer

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