Question: The Economic Order Quantity ( EOQ ) model is primarily used to: A ) Determine the optimal production batch size. B ) Calculate the optimal

The Economic Order Quantity (EOQ) model is primarily used to:
A) Determine the optimal production batch size.
B) Calculate the optimal order quantity that minimizes total inventory costs.
C) Forecast future demand based on historical data.
D) Schedule production runs in a job shop environment.

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