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EOQ formula
The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inventories in intermittent systems of assembled products where demand for lower level items is dependent on demand for finished goods. Consider the Ford Motor Company.
Demand for wheels or tyres are very much related to the demand for engines. So for components and raw materials it is wrong to apply the EOQ model.
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my assignment is about richardian model and wanna ask you about few questions
Definition of Pareto Optimal Allocation
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Ask question #what is an indifference curveMinimum 100 words accepted#
who propounded the pure international theory of trade?
Xd(Px)=5000-100Px
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