Question: In the basic EOQ model, if D = 5 , 0 0 0 per month, S = $ 1 0 0 , and H =

In the basic EOQ model, if D =5,000 per month, S = $100, and H = $1 per unit per year, then the time between orders would be approx. how much? Take 365 days in a year and pick the closest answer.
Hint: Compute the economic order quantity first.
EOQ = Sq Root of [(2xDxS)/H], D = annual demand; S = Avg cost of placing an order; H = Avg cost of holding one unit for 1 year
Round up any decimal figures in your workout.
Every 5 days approx.
Every 15 days approx.
Every 3 days approx.
Every 8 days approx.

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