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Part 1:A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand and the ordering cost per order do not change. What will happen to the EOQ?
It doubles.
It increases by 41.42%.
It remains the same.
The EOQ reduces by about 30%.
It quadruples (increases by 400%).
An assembly line with a number of tasks is to be balanced. The sum of the task times is 100 minutes. The line will operate for 7 hours per day. What is the minimum number of wor
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When everybody is doing it a moral justification
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