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Economic Production Quantity Assignment Help

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Economic Production Quantity Assignment Help

Are you struggling with your Operations Management Homework Help ? Are you in high school, college or a graduate level student? Do you need Operations Management Assignment Help?

You can send us Operations Management problems from Basic Operations Management problems like Inventory Management, Distribution Strategy, Inventory Control to more advanced Operations Management Assignment Problems like JIT Production & Purchase, Agile Manufacturing, Total Quality Management, Logistics Planning, Returns Management.

Economic Production Quantity model (also known as the EPQ model) is an extension of the Economic Order Quantity model. The EPQ model was developed by E.W. Taft in 1918. The difference being that the EPQ model assumes orders are received incrementally during the production process.

The function of this model is to balance the inventory holding cost and the average fixed ordering cost.

In some literature Economic Manufacturing Quantity model (EMQ) is used for Economic Production Quantity model (EPQ). Similar to the EOQ model, EPQ is a single product lot scheduling method. A multi product extension to these models is called Product Cycling Problem.

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