j. How would these factors affect an EOQ analysis? Give examples

(1) The use of just-in-time procedures.

(2) The use of air freight for deliveries.

(3) The use of a computerized inventory control system, in which an electronic system automatically reduced the inventory account as units were removed from stock and, when the order point was hit, automatically sent an electronic message to the supplier placing an order. The electronic system would ensure that inventory records are accurate and that orders are placed promptly.

(4) The manufacturing plant is redesigned and automated. Computerized process equipment and state-of-the-art robotics are installed, making the plant highly flexible in the sense that the company can quickly switch from the production of one item to another at a minimum cost.