In the economic order quantity (EOQ)model, decreasing the order size will increase carrying costs.

Name: In the economic order quantity (EOQ)model, decreasing the order size will increase carrying costs.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Decreasing the order size will result in a decrease in carrying costs as less inventory will be held at any given time. Conversely, increasing the order size will lead to higher carrying costs due to the need to hold more inventory.

In the Economic Order Quantity (EOQ)model, Decreasing the Order Size