Inventory Manager Question:

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Please explain what do the letters in the EOQ and stocking cost formula stand for?

Inventory Manager Interview Question
Inventory Manager Interview Question

Answer:

The letters in the formulas represent the quantity ordered(Q), the carrying cost of a unit(C), the demand for the units(D) and the cost of completing a order(S).

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Tell us what if there is no savings or the models produce even results?Tell me if I get a discount will it effect the EOQ model?