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Economic Order Quantity (EOQ)

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?

Economic Order Quantity (EOQ)