Please comment on my answer, what do you think? I need insight,
thank you!
Q: Answer both questions below about the EOQ model.
(a) In the EOQ model, unit product cost or selling price, C, is
not included in the formula we use to solve for the economic order
quantity. Explain why it is not necessary to include this
information in the EOQ formula.
(b) What are the major limitations of the EOQ model?
A:
A). In the EOQ model,...