Question: The basic EOQ model is said to be robust. 1) What does it mean that the basic EOQ model is robust? Explain (2 points) 2)

The basic EOQ model is said to be robust. 1) What does it mean that the basic EOQ model is robust? Explain (2 points) 2) Explain the concept of "inventory turn over" (1 point) 3) Whether a low or high inventory turnover is desired and why? (1 point) (Hint: you can use the image below for reference)

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