JIT,MRP,MRP II,and DRP,incorporate some version of the basic EOQ model into their philosophies.

Name: JIT,MRP,MRP II,and DRP,incorporate some version of the basic EOQ model into their philosophies.
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Question

Quizplus · Accepted Answer

Each of these methodologies involves some level of inventory management and planning, which relies on the basic concepts of the Economic Order Quantity (EOQ) model. Therefore, it is true that they incorporate some version of the EOQ model into their philosophies.

JIT,MRP,MRP II,and DRP,incorporate Some Version of the Basic EOQ Model