What Are the Advantages and Disadvantages of the Eoq Model?

Answer

There are advantages as well as disadvantages of EOQ model. the advantages are that this model minimizes storage and holding costs and is also specific to business. Disadvantages are that it involves complex mathematical calculations and is usually based on assumptions.
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The advantage of the EOQ formula is that it provides a baseline for getting the best deal. It helps you purchase what you're going to use and keeps you from overpurchasing to get
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The quantity you would order to stock your store with just the right amount of inventory so you don't run out, and you don't require added variable costs to store it somewhere else
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BPMN is an industry standard for Process Modelling. When using BPMN 2.0 your models will be exchangeable between different tools. Next to that it now comes with an execution language
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Drawbacks to Rutherfords Nuclear
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