Home » To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:
To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:
Q. To minimize the total cost of holding and ordering inventory using EOQ model. It is necessary to balance the relevant costs. These are:
A. The variable costs of holding the inventory
B. The fixed costs placing the order
C. Both A&B
D. None
Answer: Both A&B
