General Studies · Industrial Engineering
In inventory planning, when demand is variable across periods, extra inventory is unnecessarily carried to the end of the planning horizon when using which of the following lot-sizing techniques?
- 1Wagner-Whitin Algorithm
- 2Lot-for-Lot (L4L)
- 3Economic Order Quantity (EOQ)✓
- 4Part Period Balancing (PPB)
Correct answer
Economic Order Quantity (EOQ)
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