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Inventory Control (part b) The EOQ Formula Example 2
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Thank you for this website it’s very influential. It’s helped me a lot with Inventory control
And also with cost behaviour.
not getting to watch lectures for any f9 paper ads keep poping up and everytime you click it to close no lectures appear.
You have a problem with your computer – it is nothing to do with OpenTuition. We do not have pop-up ads.
Very clearly explained. thank you Open Tuition, brilliant lectures!
Thank you Open Tuition…Very precise and clear…!
Where do you hold these lectures and who are these students?!! Can we not come for any lectures?!!!
Very clear and easy to understand. Am enjoying F9 now. Thanx
Superb!
The lecturer has a brilliant sense of Humor ))))
why wasn’t purchasing cost calculated?
(Demand x purchase price)
@xxjulietxx, There is no need to unless the question asks for it, because that would stay the same whatever happens – it is only the inventory costs that will change.
The time that the purchase cost is needed is when there are discounts for ordering higher quantities.
A good one, keep it up guys!
oh my!!!the text book looked like greek to me until i listened to this video…..great great tutoring!!!!
i understand OT better than any lecture at class..
im in love with OT! beats going to class anyday and I could go back. I cant rewind a teacher lol! thanxxxxx a mil
Really super explained
Hi Guys
I had a question that seems really simple but I cant get the same answer as the text. It states the below:
The annual demand for an item of inventory is 2500 units. the cost of placing an order is $80 and the cost of holding an item in stock is $15. What is the EOQ, to the nearest unit. My answer is 26,667 Units and the answer in the text is 163 Units. Can someone please explain this to me?
Sorry have a question.
@melissadejon, @26,667 units u must do square root then u get 163units
@melissadejon,
You did not remember to do the square root of 26,667. This will give you 163 units
@melissadejon, I will advice that you get a very good calculator that will automatically give you the square root
@melissadejon, Did you not think to yourself that, if annual demand was 2,500, then an eoq of 26,667 was maybe a bit strange? Or is it acceptable to buy more than 10 years’ worth of goods each time you place an order?
Well I must say that these are great lectures, anybody could easily understand every bit of it. Thanks For Such a Gr8 Effort,
is amazing how easily Inventory control was explianed.I never knew its this simple