Question
……………….. is the order size that minimizes
the sum of ordering and holding costs related to raw material inventoriesSolution
Economic order quantity (EOQ) is the order size that minimizes the sum of ordering and holding costs related to raw material inventories. · It is the optimal inventory size that should be ordered with the supplier to minimize the total annual inventory cost of the business.
If the 4-digit number x67y is exactly divisible by 9, then the least value of (x + y) is _____.
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