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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Management
Explain eoq model
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Anonymous User Best Answer
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. ... The EOQ model finds the quantity that minimizes the sum of these costs.
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Anonymous User![best-answer]()
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and shortage costs. ... The EOQ model finds the quantity that minimizes the sum of these costs.