Question: The basic EOQ model works reasonably well in many practical conditions because:Question 25 options:Ordering a bit more or less than the EOQ numberwould not increase

The basic EOQ model works reasonably well in many practical conditions because:Question 25 options:Ordering a bit more or less than the EOQ numberwould not increase costs significantly (flat bottomed total cost curve) The assumptions of the basic EOQ model are met reasonably well in most businesses. It accounts for variable demand and variable lead time It is quite easy to account accurately for holding and ordering costs

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