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Hi. Mr.John
I have a question about the good information.
which of them is not a characteristic of good information?
relevant
Confidential
timely
cost effective.
I think all of them are characteristics. and also are given in the book. they are selected confidential. in the book is given like as good information should inspire the confidence.Another question
the feedback is the characteristics of good information.which is given in the book. is it true?Confidential means secret, and this is not a characteristic of good information.
The information is itself feedback, it is not an ‘extra’ characteristic.
Sir, I have also one more question, if ordering cost decrease, EOQ will also decrease and therefore annual holding cost decreases. but in formula of EOQ , we know that EOQ and ordering costs are directly proportional , therefore when order decreases , EOQ also decreases. but why annual holding also decreases? annual holding is inversely proportional with EOQ
We know that the main objective of EOQ is to minimize the inventory cost. therefore, if EOQ is acceptable , prices will decrease, annual ordering will decrease, annual holding will increase, is that right?
You must start a new thread when you are asking questions on a different topic.
If the order cost decreases then the EOQ decreases.
If the EOQ decreases then the average inventory decreases and therefore the annual total holding cost will decrease.
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