Hi
Can u tell the logic of EOQ?
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EOQ
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Pls refer to this Link:
/forum/message_display.asp?group_id=17484
Hi J€€T why don't you share the logic of EOQ in the forum so that every member is benefitted ??
Dear Pra, if u may notice....the link i hav provided here, isn't from any other Website. Its from Caclubindia only. I thought it'd be better to provide the link instead of pasting the info from the old post. If u wish, u can bring it here as well!!
It is a ordering quantity at which ordering and carrying cost is at lowest.
EOQ represents order size which a company should order so that they dont have to face extra burden of carrying cost or shortage.
Further as Mr. Somani said at this level ordering cost willbe equal to carrying cost
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