Economic Order Quantity is a calculation method to optimize order quantities based on certain tradeoffs. What statement best describes the overall objective of EOQ?

Q* = 2DSH

A.

to calculate the optimum safety stock

B.

to minimize the sum of carrying cost and holding cost

C.

to maximize the customer service level

D.

to minimize the sum of setup cost and holding cost

E.

to calculate the reorder point, so that replenishments take place at the proper time