In the basic EOQ model, if D $=5,000$ per month, S $=$ $$100,$ and H $=$ $$1$ per unit per year, then the time between orders would be approx. how much? Take $365$ days in a year and pick the closest answer.

Hint: Compute the economic order quantity first.

EOQ $=$ Sq Root of $[(2$xDxS$)/$H$],$ D $=$ annual demand; S $=$ Avg cost of placing an order; H $=$ Avg cost of holding one unit for $1$ year

Round up any decimal figures in your workout.

Every $5$ days approx.

Every $15$ days approx.

Every $3$ days approx.

Every $8$ days approx.