Economic Order Quantity (EOQ).
I’m working on a Engineering exercise and need support.
Use one Word or Excel file to respond to the following two parts a) and b) of this assignment.
Part-a. If the annual demand of an item goes up by 100% and the holding cost goes down by 30%, by what % would the EOQ increase or decrease?
Part-b. Write one short paragraph each as your response to the Questions: #5 and #6 in page 131.
#5 What factors and costs do the EOQ and EMQ models ignore?
#6 How does the process batch size affect quality?