Economic Order Quantity

In this video you can learn about the Economic Order Quantity model: EOQ. Introduced in 1913 by Ford W. Harris, it was a very early application of mathematical modeling to Scientific Management.
Feel free to use all #POM4all videos as you please in your studies and lectures:)
It is one of the videos of the #POM4all initiative by Prof. T. Netland at ETH Zurich. The lecture videos are made for an introductory course in Production and Operations Management (POM).
#EOQ #EconomicOrderQuantity #OperationsManagement #Course #POM #POM4all #Production #ScientificManagement

[@_Me________]

bros got a t-shirt just for this video, that's dedication. or 2much DediCsChion

[@unni4346]

Very Helpful especially with the graphics. Thank you

[@camgere]

Nice explanation. If you are a physics or math major who ended up in management, you will probably like Pound, E. S. (2014). Factory Physics for Managers. New York: McGraw Hill. If you ended up on the production floor you would like Hopp, W. J. (2008). Factory Physics. Long Grove, IL: Waveland Press.(kinda pricey, but enough material for one or two semesters of college level courses). You can throw all that math and science you love at business.

[@GloomyKingCC]

This is very helpful. Thank you!

[@sinjinibakshi308]

Very helpful, thank you!

[@jidr0r]

very helpful thank you

[@patricksperspective99]

This video was tooooooo good🔥
Subscribed

[@pomethz]

We do this for people like you 😃 Thanks!

[@Turjo2004]

In this VUCA world now, we need to develop - Survival Order Quantity (SOQ).

[@nexthalf5607]

😂👍

[@thapelomatshabe5917]

Can you please help me out with perpetual inventory method and weighted average please

[@waiphyo2999]

How to get Ch