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EOQ Problems

Economic Order Quantity (EOQ) is a formula used to determine the optimal order quantity that minimizes total inventory costs. It balances ordering costs and holding costs to find the most cost-effective amount to order. EOQ helps businesses manage inventory efficiently and reduce excess stock.

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Samiksha Kalake
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0% found this document useful (0 votes)
40 views2 pages

EOQ Problems

Economic Order Quantity (EOQ) is a formula used to determine the optimal order quantity that minimizes total inventory costs. It balances ordering costs and holding costs to find the most cost-effective amount to order. EOQ helps businesses manage inventory efficiently and reduce excess stock.

Uploaded by

Samiksha Kalake
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ECONOMIC ORDER QUANTITY (EOQ)

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