Question
What makes eoq work for inventory control?
Answers
The EOQ works if its four assumptions match the case it is used on. The assumptions are:

Annual demand, carrying costs and ordering costs can be estimated.
Inventory level is divided by 2, no safety stock, goods used uniformly and are gone by next order.
Stock-out, customer responsiveness and other costs not considered.
No quantity discounts.   Your Comment




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