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can I get help with this question (a) In the EOQ model, unit product cost or selling price, C, is not included in the formula we use to solve for the...

can I get help with this question


(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?

Top Answer

EOQ = Economic Order Quantity. It is an inventory equation which determines the ideal order quantity that a... View the full answer

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