state two assumption of EOQ model?
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ᴀssᴜᴍᴘᴛɪᴏɴs ᴏғ ᴇᴏǫ ᴍᴏᴅᴇʟ
- ᴛʜᴇ ʀᴀᴛᴇ ᴏғ ᴅᴇᴍᴀɴᴅ ɪs ᴄᴏɴsᴛᴀɴᴛ, ᴀɴᴅ ᴛᴏᴛᴀʟ ᴅᴇᴍᴀɴᴅ ɪs ᴋɴᴏᴡɴ ɪɴ ᴀᴅᴠᴀɴᴄᴇ.
- ᴛʜᴇ ᴏʀᴅᴇʀɪɴɢ ᴄᴏsᴛ ɪs ᴄᴏɴsᴛᴀɴᴛ.
- ᴛʜᴇ ᴜɴɪᴛ ᴘʀɪᴄᴇ ᴏғ ɪɴᴠᴇɴᴛᴏʀʏ ɪs ᴄᴏɴsᴛᴀɴᴛ, ɪ.ᴇ., ɴᴏ ᴅɪsᴄᴏᴜɴᴛ ɪs ᴀᴘᴘʟɪᴇᴅ ᴅᴇᴘᴇɴᴅɪɴɢ ᴏɴ ᴏʀᴅᴇʀ ǫᴜᴀɴᴛɪᴛʏ.
- ᴛʜᴇʀᴇ ɪs ɴᴏ sᴀғᴇᴛʏ sᴛᴏᴄᴋ ʟᴇᴠᴇʟ, ɪ.ᴇ., ᴛʜᴇ ᴍɪɴɪᴍᴜᴍ sᴛᴏᴄᴋ ʟᴇᴠᴇʟ ɪs ᴢᴇʀᴏ.
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