Economic order quantity models

Assignment Help Business Management

Reference no: EM136025

Economic Order Quantity (EOQ) models are supportive in determining accurate inventory decisions.

1) Describe the major inventory costs that are used in determining Economic Order Quantities.

2) Propose an EOQ instance from your own experience or what you could imagine where EOQ could be used to recover inventory decisions. Describe the derivation of the EOQ, and provide the model in an Excel attachment as a reference. You must always describe key findings from your modelling efforts in the main body of your discussion posting.

3) Describe why you chose the model you used in your example as opposed to other models presented in the textbook. For instance, if you select Basic EOQ describe why you selected Basic EOQ as opposed to EOQ without Instantaneous Receipt

Reference no: EM136025

Questions Cloud

What is the oxygen-hemoglobin saturation curve : Ralph is taking scuba diving classes, and is warned not to hold his breath as ascending from depth but to continuously release air from his mouth. What is the basis of this instruction and what is risk if it is ignored.

Which groups of foods are under represented : Propose how you may consume the recommended number of serving from each group in the future. Describe what a very low urea clearance indicates for this patient.

What is her anatomical dead space volume : Sort the statements into appropriate bins depending on which type of learning they explain. What is her anatomical dead space volume.

What reward does the male wasp receive from the orchid : Assume you are an ecologist studying the effects of acid precipitation on plant life. Explain an experiment you would perform in order to determine which plant species will be a useful indicator species for acid rain pollution.

Economic order quantity models : Economic Order Quantity (EOQ) models are supportive in determining accurate inventory decisions. Describe the major inventory costs that are used in determining Economic Order Quantities.

Identify issues related to global economic stability : Identify the three most significant issues related to global economic stability over the next 20 years. Be sure to deliberate the sample surveyed to provide the appropriate frame of reference for discussion.

Organizational politics use your power appropriately : From the e-Activity study the company you investigated and your results from the self-assessment. Propose ways to confirm that you use your power appropriately and effectively.

Describe the benefits of the project : Describe the benefits of the project which include tangible and intangible benefits. Completely justify a recommendation with a compelling proposal that aligns to the business goals.

What are techniques for cohesive and high-performing team : Since the success of a project rests largely on the performance of the team, what are some techniques a project manager can employ to foster a group of individuals in becoming a cohesive and high-performing team

User Account

All Pages