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Which of the statements about the Economic Order Quantity (EOQ) model are true? Select all correct answers The EOQ model assumes demand is constant. When
Which of the statements about the Economic Order Quantity (EOQ) model are true?
Select all correct answers
The EOQ model assumes demand is constant.
When the cost of holding inventory increases, the optimal order quantity increases.
The EOQ model assumes infinite planning horizon.
The EOQ model is very sensitive to changes in order quantities, order cycle times, and errors in forecasting.
Adding a lead time to the EOQ model does not change the optimal order quantity.
None of the above.
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