Overview
I’m working on a Engineering exercise and need support.
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.
Questions: #5 What factors and costs do the EOQ and EMQ models ignore? #6 How does the process batch size affect quality?