Question: The basic EOQ model is based on the basic Order - Reorder - Replenishment cycle. Therefore, we know that the following statement about the basic

The basic EOQ model is based on the basic Order-Reorder-Replenishment cycle. Therefore, we know that the following statement about the basic EOQ model is not true:
Demand is constant over time.
Lead time is either zero or fixed.
Inventory builds up over time.
Production is instantaneous.
The basic EOQ model is based on the basic Order-Reorder-Replenishment cycle.

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