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THE BASIC EOQ MODEL
This is the most simple of all the models discussed. In addition to the general assumptions which relate to all deterministic models (i.e. certainty of all parameters) it is further assumed that:
a. Demand is continuous and constant over time.b. That suppliers lead time is zero i.e. stocks are delivered immediately on the day the order is made.c. That stock-outs are not permitted.d. There are no massiveness quantity discounts.e. Holding costs per unit, ordering costs per order and costs per unit are constant. Relevant costs of basic EOQ model:
The related costs that must be considered when determining optimum inventory levels can be classified into two categories:
(i) Ordering costs.(ii) Holding (Carrying) Costs.
That is, TC = Ordering Costs + Holding Costs
M/s ABC's present credit terms are 1/10 net 30 that they are planning to change to 2/10 net 30. The current average collection period is 20 days and the variable cost to sales rat
Introduction to Performance Evaluation Performance evaluation deals with the area of MA that is concerned with: 1) Holding individual managers responsible for certain aspect
Illustration of Marginal profit To illustrate the computations, suppose that the marginal profit or XE in our model is changed from 3 to 3 + δ1, where δ represents either posit
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a) Does Ford report any investments carried as trading securities, available-for-sale securities, or held-to-maturity securities? If so, go over their significance to both the b
How to calculate POHR for a company
Prepare a multiple step income statement, and classified balance sheet for XYZ Corporation for 2013 in good form. The income statement should include the proper earnings per share
Explain Ranking of decision packages - zero base budgeting Ranking of decision packages: by ranking the decision packages a company will be able to weed out a lot of marginal e
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