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| Graphically Presentation of Economic Order Quantity |
Q Model of EOQ
In ‘Q’ model, a fixed quantity of material is ordered when ever the stock on hand reaches the recorder point the fixed quantity of material ordered each time is nothing but the economic order quantity (EOQ). when the new consignment arrives the total stock shall be within the maximum and the minimum limits.
P model of EOQ
In this model the stock position of each item of material is regularly is reviewed;
Under this model inventory is ordered based on fixed period.
