Question: Since EOQ = SQRT(2DS/H), how do you solve for EOQ when the holding cost is given as ___per unit per month? Does holding cost always
Since EOQ = SQRT(2DS/H), how do you solve for EOQ when the holding cost is given as ___per unit per month? Does holding cost always have to be on a per-year basis to solve for EOQ? So would you just multiply by 12? or would you change the D (Demand) to match the holding cost?
If you're looking for the optimal quantity to order, do all variables have to be per year?
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