Question
The Economic Order Quantity (EOQ) inventory model requires continuous monitoring of inventory levels. The effectiveness of the basic EOQ model is most limited by the
The Economic Order Quantity (EOQ) inventory model requires continuous monitoring of inventory levels. The effectiveness of the basic EOQ model is most limited by the assumption of a one-product business, and the formula does not allow interaction between products and does not allow for combining several different products in the same order.
Please explain if this is a reflection of the real business model or not. Why?
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Governmental Accounting Auditing And Financial Reporting
Authors: Michele Mark Levine, Todd Buikema
10th Edition
0891250107, 978-0891250104
