Economic Order Quantity (EOQ) Model | Theory, Formula Derivation & Application
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Economic Order Quantity (EOQ) Model | Theory, Formula Derivation & Application
"This lecture explains the Economic Order Quantity (EOQ) model in inventory management, covering its assumptions, mathematical derivation, and application through a numerical example." The Economic Order Quantity (EOQ) model is one of the most widely applied continuous review inventory models. It determines the optimal order quantity that ...
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