I need a step by stem example of how to calculate the economic order quantity
How Can We Calculate The Frequency Of Orders In Economic Order Quantity?
EOQ it cost of storing a level of inventory that will meet the a demand versus then cost for ordering the item when needed.
EOQ, divised around 1913, has some unrealistic assumptions: No lead time; quantity is available as soon as ordered and demand is known.
Top determine frequency of orders, calculate EOQ and divide it over time to meet the demand.
I think this is called the economic order interval.
EOQ, divised around 1913, has some unrealistic assumptions: No lead time; quantity is available as soon as ordered and demand is known.
Top determine frequency of orders, calculate EOQ and divide it over time to meet the demand.
I think this is called the economic order interval.