The objective of the EOQ with quantity discounts model is to
A)determine the minimum order quantity required for the maximum discount.
B)balance annual ordering and holding costs.
C)minimize annual purchase cost.
D)minimize the sum of annual carrying,holding,and purchase costs.

Question

Quizplus · Accepted Answer

The EOQ with quantity discounts model aims to minimize the total cost, which includes the sum of annual carrying, holding, and purchase costs, by finding the optimal order quantity that achieves this goal.

The Objective of the EOQ with Quantity Discounts Model Is