Question: The primary purpose of the basic economic order quantity model is to minimize the sum of carrying cost and holding cost to minimize the sum

The primary purpose of the basic economic order quantity model is
to minimize the sum of carrying cost and holding cost
to minimize the sum of setup cost and holding cost
to maximize the customer service level
to calculate the reorder point, so that replenishment take place at the proper time
The primary purpose of the basic economic order quantity model is

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