Discrete Economic Order Quantity (EOQ) and Quantity Reorder Point Inventory Control: Implication on Resource Optimization in Nigerian Manufacturing Companies


Authors : Dr. Adesuyi I.O., Dr. Nwekpa K.C., Dr. Bassey J.U.

Volume/Issue : Volume 4 - 2019, Issue 4 - April

Google Scholar : https://goo.gl/DF9R4u

Scribd : https://bit.ly/2YQYaEA

 Purpose The purpose of this study is to explore the implication of discrete Economic order Quantity (EOQ) and Recorder point on the optimization of resources in Nigeria manufacturing companies.  Conclusion It is concluded that total cost of inventory is greatly reduced by the application of exponential smoothing method of EOQ and hence the essence of the method and the usefulness of this study.

Keywords : Inventory, Economic Order Quantity, Q/R Operating System, Flour, Ordering Cost, Carrying Cost.

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