Which of the following elements could be determined by using the economic order quantity formula?
A)the optimum size of production run
B)reorder point
C)safety stock
D)annual demand

Question

Quizplus · Accepted Answer

The economic order quantity formula calculates the optimal production run size that minimizes total inventory costs, given inputs such as annual demand, holding cost, and ordering cost. Therefore, the answer is A, the optimum size of production run.

Which of the Following Elements Could Be Determined by Using