Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

One of the biggest limitations of using EOQ to manage inventory is that the EOQ assumes that the whole process is constant. This refers to

One of the biggest limitations of using EOQ to manage inventory is that the EOQ assumes that the whole process is constant. This refers to the holding costs, demand, and ordering cost. As mentioned, EOQ assumes that nothing fluctuates, and everything remains constant. In the real world, this wouldn't be true as customer demand, pricing, and economic challenges would change those variables

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these General Management questions