Assume that you used the eoq model to compute the order


Question: Assume that you used the EOQ model to compute the order quantity for an item, and the answer was twenty units. Unfortunately, the minimum lot size for the item is twenty-four units. Discuss how this is going to impact your annual holding cost, annual order cost and annual total inventory cost.

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Finance Basics: Assume that you used the eoq model to compute the order
Reference No:- TGS02617206

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