What is re-order quantity? and whether is it EOQ?
In maximum level formula:
RoL + RoQ - (minimum demand * minimum time)
RoQ is required but it is not given in the question rather EOQ is given.
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Reorder quantity is EOQ?
5y ago#1I have no idea what question you are referring to.
The reorder quantity is the amount ordered each time.
The reorder level is the level of inventory when a new order is placed.
I do explain both of these in my free lectures. The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
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