- This topic has 5 replies, 2 voices, and was last updated 3 years ago by
.
- Posts
Sir
Economic batch quantity means the optimal quantity of units that the company needs to produce right ?And EOQ means the optimum quantity that the company needs to place an order .
Yes to your first question. EOQ is when we are ordering goods from someone else. EBQ is when we are making the goods ourselves.
As regards your second question, I do explain the logic in my lectures. It is because when we order from someone else we receive the full quantity in the delivery, but when we are making the goods ourself it takes time to make them and we receive the order over a period of time.
As far as your third posting is concerned, I assume you were pushing to get a reply. I do not sit at the computer 24 hours a day – we aim to always answer within 24 hours!
- The topic ‘Economic batch quantity’ is closed to new replies.