Define the total cost function for deterministic continuous

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Define the total cost function for deterministic continuous - review inventory management model. Derive the expression for calculating EOQ^1. Describe. Illustrate the trade - off between holding costs and ordering costs graphically. Calculate EOQ if demand is 100 units, setup is 1000 and unit holding cost is 1 and write the answer in the table below.

Reference no: EM131635902

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