Questions: The economic order quantity (EOQ): Multiple Choice assumes that inventory usage is seasonal. assumes that delivery times of each order are consistent. considers stock-outs. assumes that inventory needs are constant.

The economic order quantity (EOQ): Multiple Choice assumes that inventory usage is seasonal. assumes that delivery times of each order are consistent. considers stock-outs. assumes that inventory needs are constant.
Transcript text: The economic order quantity (EOQ): Multiple Choice assumes that inventory usage is seasonal. assumes that delivery times of each order are consistent. considers stock-outs. assumes that inventory needs are constant.
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Solution

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Solution Steps

The Economic Order Quantity (EOQ) model is a formula used to determine the optimal order quantity that minimizes the total inventory costs, which include ordering and holding costs. The EOQ model assumes that inventory needs are constant, meaning that the demand rate is steady and predictable over time.

Step 1: Understanding EOQ Assumptions

The Economic Order Quantity (EOQ) model is designed to minimize total inventory costs, which include ordering costs and holding costs. One of the key assumptions of the EOQ model is that inventory needs are constant over time. This means that the demand rate for the inventory does not fluctuate.

Step 2: Analyzing the Options

Given the multiple-choice options:

  1. Assumes that inventory usage is seasonal.
  2. Assumes that delivery times of each order are consistent.
  3. Considers stock-outs.
  4. Assumes that inventory needs are constant.

Among these options, the one that aligns with the EOQ model's assumptions is that inventory needs are constant.

Final Answer

The answer is D. \\(\boxed{\text{assumes that inventory needs are constant}}\\)

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