EOQ Calculation in 5 min. How to Calculate Economic Order Quantity Model or EOQ Model

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  • Опубликовано: 7 ноя 2024

Комментарии • 90

  • @Will-bn3vt
    @Will-bn3vt 6 лет назад +8

    I spent an hour trying to understand my professors slides what you made clear in 5 minutes. Much respect

  • @TheYordinator
    @TheYordinator 5 лет назад +10

    just saved my life 30 minutes before going into an exam - bless up my g

  • @maylove211
    @maylove211 8 лет назад +36

    saving my life for my exam tommorow

  • @WendyStark1724
    @WendyStark1724 5 лет назад +2

    Best explanation to the EOQ model I have seen so far . Thank you.

  • @rishabapriyan7138
    @rishabapriyan7138 6 лет назад +4

    It sure is helpful. Clear explanation with simple example. I think i will remember it for a long time.Thanks

  • @angelanichols6553
    @angelanichols6553 5 лет назад +2

    Thank you. Why couldn’t they have just explained it like this in my class?? Argh. Thanks a bunch. It makes sense now.

  • @thevoid4551
    @thevoid4551 3 года назад

    WOW, YOUR EXPLANATION IS SUPER EASY TO UNDERSTAND. THANK U.

  • @fahmiseptiyanto2743
    @fahmiseptiyanto2743 6 лет назад +2

    Thanks Nick ! You save my life from tommorow exam !

  • @deekshabajaj6164
    @deekshabajaj6164 6 лет назад +1

    thanks man! that made my life easy. it won't be a problem for me to calculate EOQ now. do post other tools and techniques of inventory management too. thanks again.

  • @AbrasionUK
    @AbrasionUK 4 года назад

    You made this concept feel extremely easy. Much appreciated.

  • @micheleunderwood1683
    @micheleunderwood1683 5 лет назад +1

    you are wonderful! Thank you so much for this nice example, you are wonderful and to the point, thank you!!!!!!
    I would also love to know what other examples you can teach us, thank you so much.

  • @danielmotswadi174
    @danielmotswadi174 6 лет назад +3

    Thank you ,you explain very well in detail.

  • @josharah6911
    @josharah6911 6 лет назад

    OK. Thanks. Nice explanation, pls what's is the difference btw carrying cost and holding cost?

  • @Handles123
    @Handles123 3 года назад

    Legend! Got an exam on this tomorrow.

  • @rafeeksaif2036
    @rafeeksaif2036 8 лет назад

    woow briliant explaination and very very easy to understand......thnk you sir

  • @aldairdanilson3955
    @aldairdanilson3955 6 лет назад +1

    Hi Nick, please can you tell me how do you find the 309.84

  • @J_Dawg
    @J_Dawg 6 лет назад +2

    Thanks man, learned more from that than an hour of googling!

  • @iqbalgoyal4639
    @iqbalgoyal4639 3 года назад

    Thanks, really good example

  • @minhtientran6112
    @minhtientran6112 3 года назад +1

    Hi professor! Thanks for your clear explaination. However; I have a question. Always, the ordering fee is not fixed for an order, especially in international shipping. Ex: when we place 1000 pcs/1CBM. It costs 2000 usd. But when we place 2000 pcs. The cost can be 3600 usd. How can we define cost of ordering when it should be the result of EOQ? Please help me this point. Thanks a lot!

  • @beautychinodakufa6177
    @beautychinodakufa6177 3 года назад

    So helpful thank you

  • @SIMPDUDE
    @SIMPDUDE 3 года назад +1

    Needed this for a class, had a feeling my numbers were pretty off.

  • @odwangxokela4090
    @odwangxokela4090 4 года назад

    Great video, writing an exam tomorrow.

  • @rolfman85
    @rolfman85 6 лет назад +1

    You are fantastic dude .

  • @amabeza
    @amabeza 4 года назад +1

    Simply Put sir but priceless information nontheless

  • @LocNguyen-ts7nn
    @LocNguyen-ts7nn 5 лет назад +1

    Thank you. Nice explanation, saving my life!!!

  • @srinivasbandari7581
    @srinivasbandari7581 6 лет назад +1

    superrrrrrrrrrrrrr sir ,clear explanation

  • @_dzanga
    @_dzanga 5 лет назад +1

    Thank u I think I'm prepared for my exam now

  • @kellykelz8755
    @kellykelz8755 9 лет назад +3

    How do you calculate the inventory level that Sam should restock at?

  • @katlehomashiloane5260
    @katlehomashiloane5260 6 лет назад +1

    Very clear. Loved it. Helped a lot

  • @AkashSingh-nu7lp
    @AkashSingh-nu7lp 7 лет назад +1

    u cleared my confusion😘😘😘👍

  • @talhaz5403
    @talhaz5403 7 лет назад +1

    Thanks man. Perfect explanation

  • @FoodLiquorCool
    @FoodLiquorCool 7 лет назад +1

    Thanks for uploading! very succint and understandable!

  • @dymesmimi
    @dymesmimi 4 года назад +1

    Thank you! This helped!!

  • @ashleycoleiros
    @ashleycoleiros 6 лет назад +1

    Nicely explained thanks

  • @michaeldelaney376
    @michaeldelaney376 8 лет назад

    Brilliant and easy to understand. Thank you sir!

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  8 лет назад +1

      +Michael Delaney You're very welcome! Feel free to email with requests to other videos and I would be glad to post them!

  • @nicolidesetages5082
    @nicolidesetages5082 5 лет назад +1

    This is amazing . Literally

  • @OneTreeLtd
    @OneTreeLtd 7 лет назад

    You’re a legend sir

  • @jaytan2225
    @jaytan2225 2 года назад

    5 minutes clear, IDK what my lecturer teach, spend money learn nothing

  • @billnotice9957
    @billnotice9957 5 лет назад +1

    TY sir fir doing this

  • @nnennaumelloh4424
    @nnennaumelloh4424 9 лет назад

    Thank you so much for this video!

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  8 лет назад

      +Nnenna Umelloh You're very welcome! Feel free to email with requests to other videos and I would be glad to post them!

  • @thetrainingroom7784
    @thetrainingroom7784 6 лет назад +1

    Subscribed

  • @ReemAbdullah8
    @ReemAbdullah8 7 лет назад +1

    thank you so much

  • @ahmedfarag821
    @ahmedfarag821 4 года назад

    SO WHEN I CAN BUY now I know each time we will buy 300 but when I can pay to insure that I will not run out

  • @jayantkumarsahu4444
    @jayantkumarsahu4444 8 лет назад

    if he order 310 watches then what will be order cost and carrying cost..?

  • @genesisc.2653
    @genesisc.2653 8 лет назад +2

    sir where did you get the 309 please answer me, thanks in advance

  • @Aavez1
    @Aavez1 7 лет назад

    can u plz make some videos on vertical financial statement

  • @parthoasis
    @parthoasis 8 лет назад

    Great example thanks

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  8 лет назад

      Very Welcome! Feel free to leave more video explanatory ideas for me to post.

  • @senak9000
    @senak9000 3 года назад

    THANK YOU SO MUCH

  • @ibrahimbello7161
    @ibrahimbello7161 5 лет назад +1

    Thanks man..just save my ass from 2moro's exam

  • @kayanjajacob6226
    @kayanjajacob6226 2 года назад +1

    👏👏👏👏

  • @sharathnaik6159
    @sharathnaik6159 8 лет назад

    can the questions come in tabular form?

  • @ccandice78
    @ccandice78 7 лет назад

    How do u solve if you don't know the order cost like if one number is unknown

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  7 лет назад

      In this case, you will need to know the minimum amount of information to complete. In the example presented in the video, it has all of those variable elements. If you want to find out an unknown number, you would need to setup and use a different formula/equation.

  • @abhishek123789
    @abhishek123789 8 лет назад

    helped alot

  • @MooreDenis
    @MooreDenis 6 лет назад

    Thank you man! although quick question... then what is (Q/2)*H = (D/Q)*s mean?

    • @bradylln12
      @bradylln12 5 лет назад +1

      are you trying to figure out the concept or the meaning behind the letters?

    • @MooreDenis
      @MooreDenis 5 лет назад

      Brady Allen tried* lol I got an A- I’m good now ahahaha... but I’m just not sure why we had to half the quantity

  • @shradhakhot961
    @shradhakhot961 9 лет назад

    thank u it helped ^_^

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  8 лет назад

      +Shradha Khot You're very welcome! Feel free to email with requests to other videos and I would be glad to post them!

  • @wrenchesinthegears
    @wrenchesinthegears 6 лет назад +1

    thx m8

  • @Panchamachar
    @Panchamachar 7 лет назад

    can u send me this ppt?

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  7 лет назад

      I did this video some time ago, and no longer have the PowerPoint on file. Sorry!

  • @kongty1798
    @kongty1798 8 лет назад

    thx

    • @RockyRiverWoodworks
      @RockyRiverWoodworks  8 лет назад

      +kong ty You're very welcome! Feel free to email with requests to other videos and I would be glad to post them!

  • @nikkid4951
    @nikkid4951 8 лет назад

    SOLADO MALUCO

    • @maurindecastro
      @maurindecastro 8 лет назад

      EOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOQ

  • @TroyResuqw6789
    @TroyResuqw6789 4 года назад +1

    i hate accounting.

  • @liukskywalker5746
    @liukskywalker5746 9 лет назад

    EOQQQQQ SEHLORO