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... pp. 420 Mathematical Computations Problems with ordering too much Items affecting ordering cost Cost Trade-Offs Chart Economic Order Quantity (EOQ) ...

R = Reorder point Q = Economic order quantity L = Lead time L L Q Q Q R Time Number of units on hand 1. ... Why is Inventory Important? Author: DePaul University

With an EOQ of 600 units orders will be placed at five-weekly intervals. 25.6b © 2000 Colin Drury Uncertain demand If weekly demand exceeds 120 units there will ...

Inventory Management Purpose of Inventory Management Have inventory when you need it Don’t have too much. Carrying Cost of Inventory Opportunity cost of money ...

... Economic Order Quantity (EOQ): Determining How Much to Order One of the oldest and most well known inventory control techniques Easy to use Based on a number ...

Economic Order Quantity (EOQ) with Quantity Discounts Prepared by: Robbie Harmon Brigham Young University November 28, 2005 Outline What is EOQ? When do I use it?

EOQ History Interest on capital tied up in wages, material and overhead sets a maximum limit to the quantity of parts which can be profitably manufactured at one time ...

Since the EOQ of 516 is not feasible, calculate the total cost (C) for each price to make the decision 4000 hats at $9 each saves $19,320 annually. Space ...

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