To determine the Economic Order Quantity,the relevant ordering costs are minimised and the relevant carrying costs are maximised.

Name: To determine the Economic Order Quantity,the relevant ordering costs are minimised and the relevant carrying costs are maximised.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

To determine the Economic Order Quantity (EOQ), the goal is to minimize the total of both relevant ordering costs and relevant carrying costs, not to minimize one and maximize the other.

To Determine the Economic Order Quantity,the Relevant Ordering Costs Are