Determine the EOQ and the optimal number of orders placed in a year.

Question

ii) Determine the optimum production lot size and the average duration of the production run.

09 Jan 2026

Answer :

Word Count : 254

Given: We are to solve for EOQ, number of orders per year, optimum production lot size, and average production run. Let’s assume standard EOQ and production lot size formulas. i) EOQ and Optimal Number of Orders EOQ formula: [ EOQ = \sqrt{\frac{2DS}{H}} ____ _____ ____ ___ _____ __________.
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