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EOQ formula ? and tell me about that???

Answers were Sorted based on User's Feedback

EOQ formula ? and tell me about that???..

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 ? 3 Yes 0 No

EOQ formula ? and tell me about that???..

root 2co/i

 Is This Answer Correct ? 3 Yes 1 No

EOQ formula ? and tell me about that???..

EOQ=root of 2*A*b/s
A=ANNUL CONSUPTION
B=BUYING COST PER ORDER,
S=STORAGE AND CARRYING COST PER UNIT PER ANNUM.

 Is This Answer Correct ? 1 Yes 0 No

EOQ formula ? and tell me about that???..

Answer / kishore g

EOQ is the quantity fixed at a point where total cost of
carrying and total cost of ordering cost will be the minimum.

Formula for EOQ=SQUARE ROOT OF 2*Annual Requirement*Cost per
order/Cost per unit of material*carrying cost.

 Is This Answer Correct ? 1 Yes 0 No

EOQ formula ? and tell me about that???..

EOQ=Root of 2(Annual usage in units)(Order cost)/(annual carrying cost per unit)

 Is This Answer Correct ? 0 Yes 0 No

EOQ formula ? and tell me about that???..

Answer / rushikesh shinde

EOQ= √2AO÷C
EOQ is the Economic order quantity
It is the minimum quantity that the company have to order to maintain their inventory with reduction of holding cost and the cost of ordering.

 Is This Answer Correct ? 1 Yes 1 No

EOQ formula ? and tell me about that???..

EOQ= rootover of 2sd/pi.
where as s stands for= set up cost
" " " d " " ' "= demand rate.
p = production cost.
I " " = interst rate.
this is an inventory eqution that implies the optimum
quantity that a company should maintain.

 Is This Answer Correct ? 6 Yes 8 No

EOQ formula ? and tell me about that???..

eoq=sqt2ab.c/i

 Is This Answer Correct ? 1 Yes 4 No

EOQ formula ? and tell me about that???..

root 2*ab/cs

 Is This Answer Correct ? 2 Yes 10 No

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