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Economic Order Quantity(EOQ)

Economic Order Quantity(EOQ)

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Published by Preetam Singh
Economic order quantity(EOQ)
Economic order quantity(EOQ)

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Published by: Preetam Singh on Jun 30, 2008
Copyright:Attribution Non-commercial

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08/05/2013

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Chapter 3Chapter 3Economic Order QuantityEconomic Order Quantity
Page 1 of 61
 
Background to the modelBackground to the model
The approach is to build a model of anidealized inventory system and calculatethe fixed order quantity that minimizestotal costs. This optimal order size iscalled the economic order quantity (EOQ).
Page 3 of 61
 
Page 4 of 61

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