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Reply To: Week 1 July 2025 Assignment

  • James

    Member
    July 4, 2025 at 10:42 am

    Answers

    1.

    Assumptions of EOQ.

    (1) There is no lead time
    (2) There is no quantity discount
    (3) The rate of demand is known
    (4) There will be no opening and closing stock
    (5) The holding and ordering cost are controllable

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