Question: n the basic EOQ model, if D = 5,000 per month, S = $10, and H = $1 per unit per year, then the time

n the basic EOQ model, if D = 5,000 per month, S = $10, 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 wherever necessary.

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