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orie 3120 Recall that in EOQ, we assume that the rate at which cost accrues due to holding inventory amount I(t) at a moment in
orie 3120 Recall that in EOQ, we assume that the rate at which cost accrues due to holding inventory amount I(t) at a moment in time t is h I(t). Calculate what the optimal order quantity would be if this were instead h I(t)^2. Assume, as we do in EOQ, that the time over which we calculate cost is a multiple of T. Hint: use an integral to calculate the total holding cost over one cycle. Then divide by T to get the average holding cost per unit time
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