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What are the assumptions of Economic Order Quantity?
Assumptions of Economic Order Quantity (EOQ):
a. The stage of customer demand is identified
b. The stage of customer demand arises at an even rate over time
c. Constant purchase price of inventory
d. A fixed cost be presents for all order placed
e. The lead time for inventory is constant as an example like, how long this takes for inventory to be delivered when an order has been placed.
MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a c
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A company has the following forecast demand for the next five months: 1,600, 2,400, 3,200, 2,800, and 2,400. The following information is also available. current
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