alleryStart learning →Who developed the EOQ model in 1913?
AFord W. Harris
BFrederick Taylor
CHenry Gantt
DR. H. Wilson
Answer & Solution
Correct answer: A. Ford W. Harris
Ford W. Harris devised the model in 1913, and R. H. Wilson later applied it widely.
Keep practising Inventory Valuation
Browse all Inventory Valuation questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
The ABC concept is based on whose law?An item needs 500 units a year at Rs 40 each. What is its annual usage value?After computing usage values, items are arranged in which order?In ABC analysis, how is an item's annual usage value computed?ABC class thresholds are what?Class B holds 30% of items. About what share of annual consumption value does it hold?Half of all items fall in class C. Roughly what share of consumption value do they hold?ABC analysis resembles which principle, where few items carry most value?