Question: When estimating the holding costs and ordering costs for the EOQ formula, should the following be taken into account? the value of the inventory itself
When estimating the holding costs and ordering costs for the EOQ formula, should the following be taken into account?
the value of the inventory itself -------- yes/no
he cost of storing the inventory ------ yes/no
the cost of insuring the inventory ------- yes/no
the cost of the employee who places orders with the supplier ------ yes/no
bank charges incurred when paying a supplier ---- yes/no
the costs that arise when inventory is damaged ---- yes/no
the costs of advertising the product to customers ---- Yes/ No
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