What does the EOQ formula tell us What assumption is made about the usage rate for inventory?

Answer

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
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Operational management question. How to find the ordering cost? .Henry Crouch’s law office has traditionally ordered ink refills at 60 units a time. The firm estimates that
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