What are the major limitations of the EOQ model

Assignment Help Operation Management

Reference no: EM132135557

Q: Answer both questions below about the EOQ model.

1. In the EOQ model, unit product cost or selling price, C, is not included in the formula we use to solve for the economic order quantity. Explain why it is not necessary to include this information in the EOQ formula.

2. What are the major limitations of the EOQ model?

Reference no: EM132135557

Questions Cloud

Plan production for four-month period : Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast.

Number of iterations to be used for bsqrt : Write the function main that will compute the square root of numbers from 1.0 to 10.0 using the library function sqrt and bsqrt and print out the |delta| of the

Write a professional email message : The email should discuss the communication issue provided in the scenario and should be addressed to another character from the scenario.

Suggest at least two types of databases : Suggest at least two types of databases that would be useful for small businesses, two types for regional level organizations and two types for internationally

What are the major limitations of the EOQ model : What are the major limitations of the EOQ model?

In what ways would this script pose challenges for actors : What aspects of this script might make it a particularly exciting piece to stage for a director?

What types of health care organizations are affected : What types of health care organizations are affected - What are the penalties and fines associated with noncompliance

Make sure to include the web address for the firm : the ways the firm can avoid those risks or reduce the risks. please make sure to include the web address for the firm.

Your interview outfit down to the smallest detail : You planned your interview outfit down to the smallest detail, you aced all of the questions, and you wrote the perfect thank you note.

User Account

All Pages