Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Economic order ...
Economic Order QuantityEOQ = √ ã 2*P*S/CP = Production in Units/monthS = Set-up and Ordering Cost per LotC = Inventory Carrying Costs $/unit/month In the late 1940's, Toyota started in the automotive ...
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