Businesses can use the EOQ to figure out the ideal number of units they should order in order to keep costs low. Many, or all, of the products featured on this page are from our advertising partners ...

https://doi.org/10.2307/2584598 • https://www.jstor.org/stable/2584598 Copy URL Although attempts have been made in the past to modify the economic order quantity ...

Small businesses require an efficient inventory system to maximize profit. The Economic Order Quantity model is a commonly used element of a continuous review inventory system. It is based on a ...