11. EOQ is the order quantity that========== over our
planning horizon
a) Minimizes total ordering costs
b) Minimizes total carrying costs
c) Minimizes total inventory costs
d) The required safety stock
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Answer Posted / khayamuddin
An inventory-related equation that determines the optimum
order quantity that a company should hold in its inventory
given a set cost of production, demand rate and other
variables. This is done to minimize variable inventory
costs.
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