A student was overheard saying, The EOQ model assumptions are so restrictive that the model would be

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A student was overheard saying, "The EOQ model assumptions are so restrictive that the model would be hard to use in practice." Is it necessary to have a different model for each variation in assumptions? Why or why not?

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Operations Management in the Supply Chain Decisions and Cases

ISBN: 978-0073525242

6th edition

Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein

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Question Posted: Sep 20, 2015 09:48 AM

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A student was overheard saying, The EOQ model assumptions are so restrictive that the model would be

Question:

Step by Step Answer:

Even though the EOQ assumptions are restrictive the EOQ formula is a useful approximatio...View the full answer

Operations Management in the Supply Chain Decisions and Cases

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