Construct a numerical example problem utilizing the EOQ inventory system. What happens to the EOQ and to average inventory levels when one adds safety stock? What if the cost of placing an order doubles? What if the carrying cost per unit is halved?

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The Answer of Construct a numerical example problem utilizing the EOQ inventory system. What happens to the EOQ and to average inventory levels when one adds safety stock? What if the cost of placing an order doubles? What if the carrying cost per unit is halved?

Construct a Numerical Example Problem Utilizing the EOQ Inventory System