EOQ model Flashcards
1
Q
Q
A
order quantity
2
Q
Q*
A
optimal order quantity
3
Q
D
A
annual demand for item
4
Q
k
A
order ost for each order placed
5
Q
h
A
holding or carry cost per item per year
6
Q
c
A
unit value
7
Q
TC
A
total costs
8
Q
annual ordering cost
A
Dk/ Q
9
Q
annual holding cost
A
Qh/ 2
10
Q
A
