EOQ also means "Average inventory in units" right? Well now I know how to get the Average inventory in units, how do I go about that and find out the average inventory in dollars & yearly inventory carrying cost in dollars?
@MAT0R0 EOQ is the number of units you should order at any one time. Average inventory in units at any point in time is EOQ/2 or for this problem 11/2 = 5.5. To get the yearly inventory carrying cost in dollars the formula is CU x CC x EOQ/2 or for this problem $55 x .15 x 11/2 which is 90.75/2 or $45.375.
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WxmCasual1991 1 month ago
i wish my operations management teacher was half as good as she is
reaper2ooX 2 months ago
thanks for the effort.
solanki16 3 months ago
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ahh thanks! now that makes sense.
biancaalopez 3 months ago
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very good explaned, Have you got more instrucive videos, I lke the way you explain, luis from Brazil l.pedernera@gmail.com
Mr13216332 4 months ago
EOQ also means "Average inventory in units" right? Well now I know how to get the Average inventory in units, how do I go about that and find out the average inventory in dollars & yearly inventory carrying cost in dollars?
MAT0R0 4 months ago
@MAT0R0 EOQ is the number of units you should order at any one time. Average inventory in units at any point in time is EOQ/2 or for this problem 11/2 = 5.5. To get the yearly inventory carrying cost in dollars the formula is CU x CC x EOQ/2 or for this problem $55 x .15 x 11/2 which is 90.75/2 or $45.375.
judydaulton 4 months ago
@judydaulton It makes sense. Thank you very much.
MAT0R0 4 months ago
thanks
cadwaele 7 months ago
thanks...That sorts of things worth to be on the tube
Saglew 8 months ago
thank you you. now I finally understand EOQ. recommend this to anyone
DALENENDONSLAUGHT 9 months ago
Incredibly helpful, thankyou and God bless you from the UK
JonDev1990 11 months ago
I LOVE YOU!!! why cant my teachers be this clear.
LoasthaGhost 11 months ago
Thanks.. God bless
danichacko1983 1 year ago