Video 9: An Application of Economic Order Quantity (EOQ) model - Multiple Items

This video illustrates an application of Economic Order Quantity (EOQ) model for the case we consider multiple items. For multiple item case, we have two scenarios: (1) Order the items separately (2) Order the items jointly. We solve an example of ordering two types of ground coffee for a coffee shop, and compare the two scenarios (data are randomly generated). Please read the problem description before watching this video. After watching it, please go to the survey form below, and rate this video and leave your comments.