What does the EOQ formula tell us What assumption is made about the usage rate for inventory?
The EOQ or economic order point tells us at what size order point we will minimize the overall inventory costs to the firm, with specific attention to inventory ordering costs and inventory carrying costs. It does not directly tell us the average siz
The European Organization for Quality (EOQ) is an autonomous, non-profit making association under Belgian law, having its legal office in Brussels.
EOQ is the European interdisciplinary organization...