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Tuesday, 20 October 2009 14:32

Economic Order Quantity (EOQ) Model

The economic order quantity – EOQ - is the optimum amount of material to order that has the lowest inventory cost taking into account the carrying costs, ordering costs, and stockout costs.

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Wednesday, 21 October 2009 10:15

The 4 Inventory replenishment models

Now that you should know about the Economic Order Quantity (EOQ) model, the next step is to answer the following question:

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