THE EFFECT OF APPLYING THE ECONOMIC ORDER QUANTITY MODEL IN THE FIELD OF INVENTORY
Journal: International Journal of Management (IJM) (Vol.6, No. 4)Publication Date: 2015-04-23
Authors : ABDUL WAHID A.FADLALLH;
Page : 9-18
Keywords : Iaeme Publication; IAEME; Management; Business; IJM; Inventory; Economic order quantity; Scientific method; Traditional method; Sugar cane; Asalaya;
Abstract
Research conducted to identify the effect of applying the economic order quantity (EOQ) model as a scientific method in the field of inventory. Research determined the relation, association and effect of applying the economic order quantity model in the field of inventory, in the factory of Asalaya (White Nile St ate ? SUDAN). Research applied (T) Test and examined that there i s a moral difference between the average annual costs (M2) by following the traditional method and the average annual costs (M1) by following the economic order quantity model as a scientific method in the field of inventory.
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