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Economic Order Quantity

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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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Due to these facts, a number of authors have developed the Economic Order Quantity (EOQ) models that focused on stock-dependent demand rate patterns.
Economic order quantity, Young noted, is another business practice that produces savings and gives program managers a chance to efficiently execute their programs.
Economic order quantity (EOQ) is a calculation that lets you know the best quantity of a product to order so that you can minimise the total variable costs involved in ordering and holding that product in inventory.
 
 
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