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What are some inventory ordering costs? Are these costs fixed or variable? What are the components of total inventory costs? What is the concept behind

What are some inventory ordering costs? Are these costs fixed or variable?

What are the components of total inventory costs?

What is the concept behind the EOQ model?

What is the relationship between total carrying costs and total ordering costs at the EOQ?

What assumptions are inherent in the EOQ model as presented in the chapter?

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