Inventory planning and control Question:
Download Questions PDF

The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism?

Answers:

1. The assumptions included in the models
2. Small errors in estimating will not result in a significant deviation from the EOQ
3. The real costs of stock in operations
4. The use of the models as prescriptive devices

Small errors in estimating will not result in a significant deviation from the EOQ

2

Download Inventory planning and control Interview Questions And Answers PDF

Previous QuestionNext Question
Cycle inventory is required as?What is a two-bin system?