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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.
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
write down the assumotions and importance of game theory
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why value of marginal product is negatively sloped
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what is the reason behind studing this topic ?
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