Question: The EOQ value obtained from this formula is indicative and not the exact, true value due to several assumptions and limitations . The EOQ formula
The EOQ value obtained from this formula is indicative and not the exact, true value due to several assumptions and limitations The EOQ formula assumes that demand, ordering, and holding costs remain constant over time, which may not always be the case in practical scenarios. Additionally, it does not account for factors such as seasonality trends, fluctuating demand, or dynamic costs, which can impact the accuracy of the EOQ value. Therefore, while the EOQ provides a useful starting point, it should be used in conjunction with other factors and considerations to determine the most appropriate order quantity for a specific situation
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