What are the major limitations of EOQ model

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Reference no: EM132136076

Answer both questions below about the EOQ model.

a) In the EOQ model, unit product cost or selling price, C, is not included in the formula we use to solve for the economic order quantity. Explain why it is not necessary to include this information in the EOQ formula.

b) What are the major limitations of the EOQ model?

Reference no: EM132136076

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