EBK PRODUCTION AND OPERATIONS ANALYSIS
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 8220102480681
Author: Olsen
Publisher: WAVELAND
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Chapter 4.8, Problem 28P
Summary Introduction

To determine:

Optimal order quantity

Introduction:

Economic order quantity is the optimal quantity which is ordered keeping in mind to minimize the cost and fulfilling of demand. This is usually done when cost varies according to the number of units demanded.

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