Question: The basic EOQ, Economic Order Quantity, is one of the simplest models used to determine how much to order. However, it has some limitation when

The basic EOQ, Economic Order Quantity, is one of the simplest models used to determine how much to order. However, it has some limitation when used in situations of multiple products, unknown demand requirements, uneven demand, unknown lead times and quantity discount situations because of; Uncertainties of the model Assumptions of the model O Calculations of the model Procedures of the model O Processing of the model

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