Economic Order Quantity (EOQ) models are helpful in determining accurate inventory decisions.

1) Discuss the major inventory costs that are used in determining Economic Order Quantities.

2) Propose a EOQ ex from your own experience or what you could imagine where EOQ could be used to improve inventory decisions. Discuss the derivation of the EOQ, and provide the model in an Excel attachment as a reference. You must always discuss key findings from your modeling efforts in the main body of your discussion posting.

3) describe why you chose the model you used in your ex, as opposed to other models presented in the textbook. For ex, if you select "Basic EOQ" describe why you selected "Basic EOQ," as opposed to "EOQ Without Instantaneous Receipt."