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What is the primary purpose of the basic economic order quantity model? Group of answer choices to calculate the reorder point, so that replenishments take

What is the primary purpose of the basic economic order quantity model?

Group of answer choices

to calculate the reorder point, so that replenishments take place at the proper time

to minimize the sum of carrying cost and holding cost

to maximize the customer service level

to minimize the sum of setup cost and holding cost

to calculate the optimum safety stock

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