Question: The Economic Order Quantity ( EOQ ) model minimizes the following function: ( ) = 2 + ( a ) Use calculus to show that

The Economic Order Quantity (EOQ) model minimizes the following function:
()=
2+
(a) Use calculus to show that TIMC is minimized at Q=2
.
(b) Show that the annual holding cost and ordering cost are the same when the optimal
quantity is ordered.

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