Answer
Opportunity costs relevant to the EOQ model in the presence of demand uncertainty that are typically not recorded in accounting systems include:
1. Lost sales revenue due to stockouts: When inventory levels are insufficient to meet customer demand, a company may lose potential sales, which results in a foregone revenue opportunity.
2. Capital costs of investing in inventory: The opportunity cost of capital tied up in inventory, which could have been used for other investment opportunities, is not typically recorded in accounting systems.
3. Costs associated with changing suppliers: When a company decides to change suppliers, there may be switching costs or other expenses related to the transition. These costs are not always explicitly accounted for but can impact inventory management decisions.
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