EOQ formula ? and tell me about that???
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Answer Posted / antra
the answer given by shabari is 100% correct-
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
Also, guru prasad's answer is very well explained.
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