Multiple Choice
In the basic economic order quantity (EOQ) model, if monthly demand is a constant 430 units, the order quantity is 144 (12 dozen) , and the firm operates during fifty five-day weeks a year, the cycle time will be approximately:
A) 7 working days.
B) 7 calendar days.
C) 84 working days.
D) cannot be determined with the data provided.
Correct Answer:
Verified
Correct Answer:
Verified
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