Question by  keng (30)

What is the formula for EOQ (Economic Order Quantity).

I'd also appreciate information on the inputs.


Answer by  carm (5)

EOQ equals the square root of two times product demand times total start-up costs , which is divided by production costs times the interest rate forgiven by holding inventory.


Answer by  ranakhan (164)

Economic order quantity is the level of inventory that minimizes total inventory holding costs and ordering costs. It is one of the oldest classical production scheduling models. formula is: Q= square root of (2DS/H) where as Q is independent of P; it is a function of only S, D, H.

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