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1.2.4 Classic EOQ Method in Inventory
ОглавлениеEOQ model intent to resolve ideal number of units to arrange, so that administration can minimize the total cost associated with the purchase expense, transportation price and storage of a product. In other words, the classic EOQ is the amount of inventory to be requested per time for limiting yearly stock cost. EOQ which is profoundly act as a gadget for Inventory Control.