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Economic Order Quantity
(redirected from EOQ Model)

    Also found in: Encyclopedia, Wikipedia 0.01 sec.
Economic order quantity (EOQ)
The order quantity that minimizes total inventory costs.
Economic Order Quantity
The number of orders a brokerage receives and must fill that minimizes its obligation to keep inventory. The economic order quantity reduces the brokerage's costs to the least possible level.


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EOQ models answers the question of how much to order, but not the question of when to order.
An excel spreadsheet application for the calculation of reorder point ... by Chen, Jim / Journal of Academy of Business and Economics
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