This video illustrates an application of Economic Order Quantity (EOQ) model for the case we consider multiple items. For multiple item case, we have two scenarios: (1) Order the items separately (2) Order the items jointly. We solve an example of ordering two types of ground coffee for a coffee shop, and compare the two scenarios (data are randomly generated).
It is recommended you to read the problem description at sites.google.com/su.edu/orkun... before you start watching the video.
Негізгі бет An Application of Economic Order Quantity (EOQ) Model - Multiple Items
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