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Economic Order Quantity (EOQ) | Explained With Example
11:37
YouTubeCounttuts
Economic Order Quantity (EOQ) | Explained With Example
In this lesson, we explain what Economic Order Quantity (EOQ) is and why it is calculated. We go through the EOQ formula with the help of an example. We also explain the total carrying value formula and the total restocking costs formula. We go through the re-order levels in units formula, safety stock, and re-order point. Check it out. FIFO ...
167.2K viewsApr 26, 2019
EOQ Formula Explained
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Modify the EOQ formula for the case where the order size q is d... | Filo
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