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22 January, 11:22

The difference between the basic eoq model and the production order quantity model is that

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  1. 22 January, 11:31
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    EOQ stands for Economic Order Quantity. It is the order quantity that minimizes the total holding costs and ordering costs.

    The difference between the basic EOQ model and the production order quantity model is that the production order quantity model does not require the assumption of instantaneous delivery.
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