January 10th, 2018
Discuss the implementation of EOQ models in business such as Wal-Mart.
EOQ models could prove valuable to a business such as Wal-Mart since it is concerned with maintaining optimal inventory levels with minimal total cost. Wal-Mart business for instance deals with such goods as perishables whose deterioration rate necessitates the maintenance of holding costs to a minimum and also requires the ordering costs to be controlled. Further fluctuating demand levels at the retail stores are likely to influence the reorder points and maintenance of safety stock.