What’s that “EOQ solution” (prescription) for sourcing, batching and inventory management? (4min)

I just created a review video of the celebrated Economic Order Quantity (EOQ). This video considers two key decisions in inventory management: how much and when to order? Starting from real data, we build a model to optimize the total cost, which is the sum of the setup (order + transport + receiving) cost and holding cost. The solution is the celebrated Economic Order Quantity. All in just 4min :). Please put any comments or questions in the YouTube comment section which I periodically check.