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Following the notation we use in our class, match each parameter from the Economic Order Quantity Model with its description. D Annual Demand S Reorder
Following the notation we use in our class, match each parameter from the Economic Order Quantity Model with its description. D Annual Demand S Reorder point C Procurement cost per unit H Holding cost per unit per year; often given as % of purchase cost. Q Order quantity R Lead time L Fixed (setup) cost of placing orders
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