Question

True or false: the eoq model assumes that some orders can be lost (i.e. there can be stockouts) and some can be met via backorders.

Answer 1

It is false that the EOQ model assumes that some orders can be lost (i.e. there can be stockouts) and some can be met via backorders because EOQ assumes that all orders are met from inventory.

EOQ refers to the Economic Order Quantity, is a calculation corporations perform that represents their ideal order size, permitting them to satisfy demand while not overspending. Inventory managers calculate EOQ to minimize holding prices and excess inventory.

EOQ model seeks to ensure that the correct quantity of inventory is ordered per batch thus an organization doesn't have to be compelled to make orders too often associate and there's not an more than inventory sitting existing.

To learn more about EOQ here

brainly.com/question/13049890

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