The EOQ (economic order quantity) model results in a variable order quantity because it considers the cost of placing orders and the cost of carrying inventory.
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Q30: Fixed costs and variable costs are direct
Q31: ABC analysis classifies inventory items into three
Q32: In ABC analysis, C category items are
Q33: FSN and VED are two alternate methods
Q34: Lot-for-lot (LFL) and flat ordering are two
Q36: The EOQ model recommends a maximum order
Q37: The maximum point of the total inventory
Q38: The traditional EOQ model assumes known and
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Q40: High stock-out costs relative to holding costs
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