The EOQ model is also known as the Economic Order Quantity Model. This is a type of model that shows that the demand is constant and that the inventory is placed at a fixed rate until such time when it reaches O. Based the given wherein the cost of placing orders will become doubles while the other values will remain the same, this means that the EOQ will increase by 41%.
The EOQ is normally used when the right quantity has to be found and this is the quantity that will be in charge of minimizing the sum of all of the costs. This can sometimes measure the accounting storage and the ordering costs.