1) The EOQ inventory model helps determine the quantity to : 2066004
1) The EOQ inventory model helps determine the quantity to order to minimize costs.
2) Because price isn't a factor in the EOQ formula, quantity discounts won't affect EOQ calculations.
3) In the EOQ quantity discount model, the optimum order quantity will always be found on the lowest total cost curve.
4) In the EOQ inventory model, ordering cost is always equal to carrying cost at the EOQ.
5) In inventory models, the rate of demand is an important factor in determining the reorder point.