For the EOQ model,cycle time is the time between
A)placing successive orders.
B)placing and receiving an order.
C)stocking out and receiving an order.
D)receiving and storing an order.

Question

Quizplus · Accepted Answer

Cycle time in the EOQ (Economic Order Quantity) model refers to the time between placing successive orders. This is a key component in inventory management, aiming to minimize the total costs associated with ordering and holding inventory.

For the EOQ Model,cycle Time Is the Time Between