One of the assumptions of the basic EOQ model is that the receipt of inventory is instantaneous.

Question

Quizplus · Accepted Answer

The basic EOQ model assumes that the receipt of inventory is instantaneous, meaning that once an order is placed, the entire order arrives at the same time without delay. This assumption is used to simplify the model and make calculations easier. However, in reality, the receipt of inventory may not be instantaneous and may involve lead times or delays in delivery.

One of the Assumptions of the Basic EOQ Model Is