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EOQ-economic order quantity a. How much difference does it make in terms of total costs if the EOQ is followed exactly as opposed to letting

EOQ-economic order quantity

a. How much difference does it make in terms of total costs if the EOQ is followed exactly as opposed to letting orders vary 10 to 20 percent on either side of the EOQ?

b. How sensitive is the EOQ to changes in carrying costs? To changes in ordering costs?

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