Question: The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism?
Answer: 1. The assumptions included in the models 2. Small errors in estimating will not result in a significant deviation from the EOQ 3. The real costs of stock in operations 4. The use of the models as prescriptive devices
Question:
The EOQ formula has been criticized in a number of areas. Which of the following is not an area of common criticism? Answer:
1. The assumptions included in the models 2. Small errors in estimating will not result in a significant deviation from the EOQ 3. The real costs of stock in operations 4. The use of the models as prescriptive devices Source: CoolInterview.com
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