The economic order quantity (EOQ) model is well accepted. However, the

The economic order quantity (EOQ) model is well accepted. However, there are weaknesses associated with
several of its assumptions. What are these weaknesses?

What will be an ideal response?

ANSWER

Weakness associated with the EOQ model assumptions include the assumption of constant demand, constant unit
price, constant carrying costs, constant ordering costs, instantaneous delivery, and independent orders. Many of these
shortcomings can be overcome with modifications of the basic model.