EOQ (Economic Order Quantity) Calculator
Parameter | Description | Example Value |
---|---|---|
Demand | The total demand for the product over a specific period. | 1,000 units |
Order Cost | The cost associated with placing an order. | $50 |
Holding Cost | The cost of holding one unit of the product in inventory for a specific period. | $2 |
EOQ | The optimal order quantity that minimizes total inventory costs. | 224 units |