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Earn +20 ptsQ: What are the limitation of economic order quantity approach?
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Continue Learning about Economics
What are the criticisms of economic quantity approach?
what are the economic criticisms of quantity order approach
How do you Evaluate economic order quantity contributes to the maintenance to the stock levels?
economic order quantity contributes to the control of stock
What is economic order quantity?
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory-such as holding costs, and order costs
What are the factors associated with economic order quantity?
Demand and supply forces
What is production order quantity model?
Production Order Quantity (POQ) is a model that answers how much to produce and when to order. In this model, the materials produced are used immediately and hence lowering the holding cost that in Economic Order Quantity (EOQ).
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