Question: Inventory Economic Order Quantity Model Build an EOQ model and plot the Cost vs. Quantity figure 1000 Data Demand Setup/order cost Unit holding cost 10

Inventory Economic Order Quantity Model Build an

Inventory Economic Order Quantity Model Build an EOQ model and plot the Cost vs. Quantity figure 1000 Data Demand Setup/order cost Unit holding cost 10 0.5 (fixed amount) Results Optimal Order Quantity, Q* Maximum Inventory Average Inventory Number of Orders Holding cost Setup cost Total cost, Tc COST TABLE Start at Increment by Setup cost Holding cost Total cost

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