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Determine the economic order quantity model

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Reference no: EM132717229

Problem 1: The economic order quantity model:

Select one:

a. is a mathematical tool for determining the order quantity that minimises the costs of ordering and holding inventory.

b. determines ordering costs.

c. determines total costs involved in holding inventory.

d. is a mathematical tool for determining shortage and ordering costs.

Reference no: EM132717229

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