Home
Browse
Create
Search
Log in
Sign up
Upgrade to remove ads
Only $2.99/month
Economic Order Quantity
STUDY
Flashcards
Learn
Write
Spell
Test
PLAY
Match
Gravity
Terms in this set (3)
If "make to order" is used and customer wants entire order delivered in one shipment. If order size is constrained by capacity limitations.
When not to use EOQ?
If significant quantity discounts are given for ordering larger lots. If replenishment of the inventory is not instantaneous.
When to modify EOQ?
If "make-to-stock" strategy is followed and item has stable demand. If carrying costs per unit and setup or ordering costs are known and relatively stable.
When to use EOQ?
THIS SET IS OFTEN IN FOLDERS WITH...
MGSC 346 CH. 7
19 terms
MGSC 346 CH. 4
9 terms
MGSC 346 CH. 9
23 terms
MGSC 346 CH. 11
24 terms
OTHER SETS BY THIS CREATOR
Math 1B Section 11.10 [Taylor and Maclaurin Series]
11 terms
Math 1B Section 11.9 [Representations of Functions…
7 terms
Math 1B Section 11.8 [Power Series]
12 terms
Math 1B Section 11.6 [Absolute Convergence and the…
8 terms