What are the assumptions of economic order quantity, Operation Management

Assignment Help:

What are the assumptions of Economic Order Quantity?

Assumptions of Economic Order Quantity (EOQ):

a. The stage of customer demand is identified

b. The stage of customer demand arises at an even rate over time

c. Constant purchase price of inventory

d. A fixed cost be presents for all order placed

e. The lead time for inventory is constant as an example like, how long this takes for inventory to be delivered when an order has been placed.


Related Discussions:- What are the assumptions of economic order quantity

Explain king henrys impact on the rule of law, Answer the following questio...

Answer the following questions on the Topic of The History of the American Corporation 1. Describe what is the rule of law and its importance on a successful capitalistic socie

Explain staff time is saved in the form of reduced staff, As throughput imp...

As throughput improves, staff time is saved in the form of reduced staff worked hours per unit of service

Explain the role of a pilot project in information systems, Petrie's Electr...

Petrie's Electronics Case, Chapter 10, Questions 1%u20135 (page 359). 4. What is the role of a pilot project in information systems analysis? Why do you think the Petrie%u2019s

Define why a shortened or shrinking business cycle, Another factor of chang...

Another factor of change is a shortened business cycle We are forced to bring products to market faster, to make faster return on investments, and to develop new products more quic

Explain this in relevance to uncertain events, Imagine the difficulties of ...

Imagine the difficulties of an employer whose decision context is choosing a new employee from a set of applicants whom he will interview. What do you think the employer's objectiv

Organizing process flows, Organizing Process Flows Five types of proc...

Organizing Process Flows Five types of process are distinguished. They are Project Production System Job Shop Production system Batch Production system

Management, AskIntroduction The present taxation law case deals with the I...

AskIntroduction The present taxation law case deals with the Individual named James Cookie (‘James’) who is a ships officer and employed by the corporation Sails International Inc

HIM Functions, You have been hired as the Director of HIM for Runnels-Popla...

You have been hired as the Director of HIM for Runnels-Poplar General Hospital, which is a new 250-bed facility that opens in six months. You are responsible for determining and de

Explain increase retention of employees, If you became the new manager at r...

If you became the new manager at restaurant with high employee turnover, what actions would you take to increase retention of employees?

Design methods, Computer-Aided Design is one of the techniques used by Rega...

Computer-Aided Design is one of the techniques used by Regal Marine in the manufacturing of boats. With the aid of examples, critically discuss FIVE (5) techniques that are import

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd