Which lot sizing rule might use the EOQ calculation?
A)Lot for Lot (LFL)
B)Fixed order quantity (FOQ)
C)Periodic order quantity (POQ)
D)FOQ and POQ

Question

Quizplus · Accepted Answer

The EOQ calculation is used to determine the optimal order quantity for a given set of demand and cost parameters. The FOQ and POQ lot sizing rules both use the EOQ calculation to determine the optimal order quantity.

Which Lot Sizing Rule Might Use the EOQ Calculation