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You have found the EOQ for a given item. The optimal time between replenishments (T*) is 9.3 weeks. Since you have to manage many different
You have found the EOQ for a given item. The optimal time between replenishments (T*) is 9.3 weeks. Since you have to manage many different items, you are trying to minimize costs and coordinate your orders following the Power of Two Policy. Taking this into account, which of the following statements are true? Select all correct answers Changing the order frequency using this policy will not have an impact on the cost. You should order this item every eight weeks. Changing the order frequency using this policy will decrease the cost by no more than 6% of the optimal Total Relevant Cost. You should order this item every ten weeks. You should order this item every sixteen weeks. None of the above
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