Discussion: Economic Order Quantity $($EOQ$)$:

After having done the textbook readings, develop the following questions:

What is the importance of the Economic Order Quantity $($EOQ$)$ model and when should a company apply this model?

When should it not apply this model? Provide examples that support your answers.

Work progressively on the forum and answer the guiding questions. These questions serve as a basis for enriching the content of the forum. You should consider the following aspects:

Support your answer with specific references according to your readings, using the latest edition of APA format.

Include an example, definition, or application of the concept in daily life or work environment.

Enrich the content of your classmates with information or examples that help in the understanding of the concepts and practices of operations management.