If the cost of placing an order is double and other values remain constant, then EOQ will increase by 41%.
The optimum order quantity for a business to purchase to reduce inventory costs such as storage charges, shortage costs, and order fees is the economic order quantity (EOQ).
The basic EOQ model takes into account carrying and ordering costs. The EOQ model implies constant demand and inventory depreciation at a constant rate exceeding zero.
Therefore, EOQ will increase by 41% when placing cost of order will be doubled and other values remain constant.
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