Q. Which of the following is/are the assumptions of Economic order quantity (EOQ)?
A. There are no bulk purchase discounts for making orders in large sizes. All units purchased for each item of material cost the same unit price.
B. The order lead time (the time between placing an order and receiving delivery from the supplier) is constant and known.
C. Annual demand and consumption for the inventory item is constant throughout the year.
D. All of the above
Answer: All of the above
