Question

If the manufacturers chosen by Brad, Danny, and Sam use a specific algorithm to identify how much and how often inventory should be ordered, they are likely to be using:

Answer 1

If the manufacturers chosen by Brad, Danny and Sam are using a specific algorithm they are likely to be using an economic order quantity (EOQ).

The economic order quantity can be described as the maximum or the optimal quantity that would help a company to reduce its total costs in terms of ordering and receiving inventory

The question says that the three persons are using an algorithm to know the quantity of inventory that they are to order.

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