About this document
EOQ Chart Analysis and Costs by s.deepananda arthi is a document available to read on EtoBox.
The document shows different quantities ordered (Q) along with the corresponding inventory carrying cost (IC), ordering cost (OC), and total cost for various order quantities of a product with an annual consumption of 12,000 pieces. It provides the costs for order quantities ranging from 50 to 1,200 pieces in a table to determine the optimal order quantity that minimizes total costs. The optimal order quantity, or economic order quantity (EOQ), is calculated to be 244.949 pieces based on the annual consumpt
- Author
- s.deepananda arthi
- Language
- EN