Question: QUESTION 4. [EOQ MODEL) a. What is the formula for calculating total annual inventory cost-use words then use symbols b. Why do we use Q/2

QUESTION 4. [EOQ MODEL) a. What is the formula

QUESTION 4. [EOQ MODEL) a. What is the formula for calculating total annual inventory cost-use words then use symbols b. Why do we use Q/2 for inventory quantity c. Give five reasons why we keep stock d. What are the two basic inventory dimensions and why are they important e. Discus examples of costs that may be included in holding costs f. Discuss the assumptions of the EOQ model

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