Question: 3. The Economic Order Quantity (EOQ) minimizes the following function: f(Q)=2QH+QDS (a) Use Calculus to show that f(Q) is minimized at EOQ=H2SD (b) Show that

3. The Economic Order Quantity (EOQ) minimizes

3. The Economic Order Quantity (EOQ) minimizes the following function: f(Q)=2QH+QDS (a) Use Calculus to show that f(Q) is minimized at EOQ=H2SD (b) Show that the annual holding cost and the annual ordering cost are the same when the optimal quantity is ordered

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