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What is Inventory Cost Analysis: Lot-for-Lot vs EOQ about?

- Using the lot-for-lot policy results in total relevant costs of $1100, with holding costs of $50 and ordering costs of $1050. - Using economic order quantity (EOQ) policy, the optimal order size is 57 units. This results in total relevant costs of $1660, with holding costs of $910 and ordering costs of $750. - EOQ results in higher total costs than lot-for-lot for this inventory situation.

Author

Nguyễn Thị Thu Hiền

Language

EN