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The basic Economic Order Quantity (EOQ) model can be considered a special case of the Economic Production Quantity (EPQ) model under which of the following condition?Answer
The demand per day is greater than production per day.
The production rate per day approaches 0.
The production rate per day approaches infinity.
The back order cost approaches infinity.
d/p = 1, where d is the demand per day and p Is the production per day.
The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from order
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