With the economic order quantity (EOQ)model,the number of orders increases as the order size decreases.

Name: With the economic order quantity (EOQ)model,the number of orders increases as the order size decreases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the EOQ model, the number of orders decreases as the order size increases. This is because larger orders result in lower setup and ordering costs per unit, making it more cost-effective to order in larger quantities less frequently.

With the Economic Order Quantity (EOQ)model,the Number of Orders Increases