Chemical Engineering - Chemical Engineering Basics - Discussion
Discussion Forum : Chemical Engineering Basics - Section 1 (Q.No. 42)
42.
If the demand for an item is trebled and the order cost is reduced to one third, then the economic order quantity
Discussion:
2 comments Page 1 of 1.
SUSHIL said:
7 years ago
Economic order quantity (EOQ) is the order quantity that minimizes total inventory costs.
Total inventory cost is comprised of the following main costs:
Cost of purchase.
Order costs.
Holding costs.
If we change the order quantity, it can affect the different types of inventory costs in different ways.
So, on changing demand and order cost, EOQ thus remains unchanged.
Total inventory cost is comprised of the following main costs:
Cost of purchase.
Order costs.
Holding costs.
If we change the order quantity, it can affect the different types of inventory costs in different ways.
So, on changing demand and order cost, EOQ thus remains unchanged.
Ramsajan said:
3 years ago
Suppose we have a ball .
And price of 1 ball is 5 rupees.
Order for 10 balls; So the total Economy will be. 10*5=50
According to the question; 10 * 3 * 5/3 = 50.
So, the Economy will not change.
And price of 1 ball is 5 rupees.
Order for 10 balls; So the total Economy will be. 10*5=50
According to the question; 10 * 3 * 5/3 = 50.
So, the Economy will not change.
(2)
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