0 votes
in Statistics by (64.3k points)

Write down the formulae for the following in Inventory model I (without shortages) (a) EOQ (b) Minimum Average Cost.

1 Answer

+1 vote
by (59.5k points)
selected by
Best answer

(a) EOQ / ELS = Q° = \(\sqrt\frac{2C_3R}{C_1}\)

(b) Minimum Average cost 


Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.