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Question
If the variables in the EOQ inventory model are defined as: S = total units demanded during the planning period, O = ordering costs per order, C = carrying costs per unit and Q = inventory order size in units, then the average level of inventory which a company should have during the planning period isA) 2/3 Q.
B) 1/2 Q.
C) SO/C.
D) 1/2 S.
Answer
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