Use one Word or Excel file to respond to the following two parts a) and b) of this assignment.
Part-a. If the annual demand of an item goes up by 100% and the holding cost goes down by 30%, by what % would the EOQ increase or decrease?
Part-b. Write one short paragraph each as your response to the Questions: #5 and #6 in page 131.
Questions:
#5 What factors and costs do the EOQ and EMQ models ignore?
#6 How does the process batch size affect quality?
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