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EOQ formula ? and tell me about that???
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economic order quantity (EOQ) is the amount of inventory
to be ordered at one time for purposes of minimizing annual
inventory cost
ROOT OF 2*A*CP/CH
A = Demand for the year
Cp = Cost to place a single order
Ch = Cost to hold one unit inventory for a year
* = ×
| Is This Answer Correct ? | 29 Yes | 7 No |
Answer / e. guru prasad
EOQ=Sqrt2AB/C, where
A= Annual demand for the product
B= Ordering cost per order
C= Carrying cost per unit per annum
Factories may required many goods inorder to maintain the
continuous production. They may ordering goods as and when
they require. Through the technic of EOQ, they can able
order the goods at a minimum cost to the factory.
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / ranjith
EoQ =root 2DK/C
D= annual demand
K= ordering cost,
C= carring cost
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / suman mohapatra
EOQ= ______
\|2CO/I.
C=consumption of the materials concerned in units during
the year.
O=costs of getting an item into the firm's inventory.
I=interest payments including variable costs to storing per
unit per yeari.e holding costs.
It is the quantity of material to be ordered at
one time.This qty. is fixed in such a manner as to minimise
the ordering and carrying cost.It gives maximum economy in
purchasing any materials and ultimately contributes towards
maintaining the material at optimum level and at minimum
cost.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / v.nagajyothi
EOQ is defined as the Economic lot size which mininises the
inventory cost involved in placing an order.
For: root 2co/i
where:
c = carrying cost.
o = ordering cost.
I = inventory value.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sk.pasha
It refers to the size of the order that gives maximum economy in purchasing any material. It's also referred as optimum or standard ordering quantity. it's ascertained by the following formula.
EOQ = route of 2CO
--------
I
where EOQ = Quantity to be ordered.
C = Annual consumption of the material in units
O = Cost of placing one order including the cost of receiving the goods.
I = Interest payments including cost of storage per unit per year.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / prasad
EOQ=rootof 2(anual usage units)(order cost)/(anual carrying cost per unit)
| Is This Answer Correct ? | 4 Yes | 1 No |
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