Question

What is EOQ? How it is calculated?

Answer 1

Here is ur answer mate

Economic Order Quantity is the optimum quantity of a product to be ordered, so that the total of carrying cost and ordering cost is minimum. Whenever the inventory level reaches order point we place the order equal to EOQ. The formula is well known to all financial people to be underroot of the expression (2Xtotal demandXordering cost/ carrying cost per unit)

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