The economic order quantity is most commonly used for determining how much to order in
A) a periodic inventory system
B) a continuous inventory system
C) an on-demand inventory system
D) none of the above

Question

Quizplus · Accepted Answer

The economic order quantity (EOQ) model is typically used in a continuous inventory system to determine the optimal order quantity that minimizes total inventory costs.

The Economic Order Quantity Is Most Commonly Used for Determining