Hi
Can u tell the logic of EOQ?
Jeet Biswas
(ACMA (in Service))
(5073 Points)
Replied 30 December 2008
/forum/message_display.asp?group_id=17484
Jeet Biswas
(ACMA (in Service))
(5073 Points)
Replied 30 December 2008
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!!
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 30 December 2008
It is a ordering quantity at which ordering and carrying cost is at lowest.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 30 December 2008
EOQ represents order size which a company should order so that they dont have to face extra burden of carrying cost or shortage.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 30 December 2008
Further as Mr. Somani said at this level ordering cost willbe equal to carrying cost
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