Question: How do i go about solving this? Instructions: Complete the EOQ model and answer the following questions. 1. What is the economic order quantity? 2.

How do i go about solving this?

Instructions: Complete the EOQ model and answer the following questions. 1. What is the economic order quantity? 2. What are average inventories? 3. How many orders are placed each year? 4. How many days take place between each order (assume 365 days/year)? 5. What are the total costs of the EOQ model for the year? 6. How would you communicate your findings from the model to your supervisor (in complete sentences)? Include items like what the goal of the model is and how the model reached this goal

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