A student was overheard saying the eoq economic order


A student was overheard saying, " The EOQ (Economic order quantity) model assumptions are so restrictive that the model would be hard to use in practice." Is it necessary to have a different model for each variation in assumptions? Why or why not?

Please answer in at least 250 words. 

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Operation Management: A student was overheard saying the eoq economic order
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