Question: Jacobs seems to indicate EOQ is a viable and a typically used order policy. What do we add to this discussion concerning EOQ? It is

Jacobs seems to indicate EOQ is a viable and a typically used order policy. What do we add to this discussion concerning EOQ?

  • It is widely used in most organizations as the favored order policy.

  • Only MTS companies typically use this order policy.Incorrect

  • EOQ is not used as much as it once was because of Lean philosophies and variables in the EOQ formula.

  • The EOQ formula is obsolete.

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