Answer:
D. to minimize the sum of setup cost and holding cost e. to calculate the optimum safety stock
Explanation:
Economic order quantity ( EOQ ) is formulated as :
![EOQ= \sqrt[]{\frac{2C_O D}{C_h} }](https://tex.z-dn.net/?f=EOQ%3D%20%5Csqrt%5B%5D%7B%5Cfrac%7B2C_O%20D%7D%7BC_h%7D%20%7D)
Co = Ordering cost
D = annual demand
Ch = Annual unit holding cost
Economic quantity is the order quantity which minimizes sum of annual cost of ordering and annual inventory holding cost so to minimize the overall cost of the inventory.
ANSWER : d) to minimize the sum of setup cost and holding cost that is to calculate the optimum safety stock.
21.2 if you want it rounded to the tenths place 21.23722628 if not
The answer is skeleton.
Please correct me if I'm wrong!! :)
I think that the best phrase to fit into the blank is a "scientific theory".
A scientific theory is developed through experiments which use the scientific method, and a theory can be improved if additional data is available or if people provide suggestions which make the theory fit the data better.