Key trade-offs in determining the economic order quantity

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1. What are the key trade-offs in determining the economic order quantity?

2. In the early days of paint manufacturing, manufacturers of paint used to produce paint of appropriate colors and sizes to be sold in retail stores. Today, consumers go to retail stores and select the color they wish, and the retailer mixes the pigment into a base paint to make the chosen color. Discuss what impact, if any, this strategy has on safety inventories.

Reference no: EM131137663

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