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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
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Jul 16, 2019
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Which set of costs reflect the tradeoff of economic order quantity (EOQ)?
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EOQ helps determine the number of items to order or produced when you place an order or start production.
There are 3 costs to consider:
1) Purchase costs
2) Holding costs
3) Set up or ordering costs
Mike Weir
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Jul 21, 2019
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