EOQ


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EOQ

See: Economic Order Quantity

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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References in periodicals archive ?
Temporary price discounts and EOQ, Journal of Purchasing and Materials Management, 17(4), 23-27
Continuously increasing price in a gradual usage inventory cycle: an optimal strategy for coordinating production with pricing for a supply chain
To begin with, it is important to note that EOQ applies only to those situations where the following conditions hold:
Analysis of economic order quantity under Ecommerce paradigm
Philip, A generalized EOQ model for items with weibull distribution, AIIE Transactions, 6(1974), 159-162.
A replenishment policy for non-instantaneous deteriorating inventory system with partial backlogging
Chang (2004), An EOQ model with deteriorating items under inflation when supplier credits linked to order quantity, International Journal of Production Economics, 88, 3, 307-316
Integrated inventory system with the effect of inflation and credit period
It is well known that the EOQ model is not highly sensitive to variations in the lot size.
Un metodo heuristico para el control de inventarios de productos de corto ciclo de vida
Even though the effect of the IHC upon the EOQ is smoothed by taking its square root (Equation 2), nothing smoothes out its impact when it is drastically underestimated and applied to an unnecessary excess of inventory.
A survey of inventory holding cost assessment and safety stock allocation
Similar to EOQ techniques, lot-sizing techniques focus on balancing order costs and holding costs.
A modern view of inventory: how do you decide what level of stock is right for you?
To examine the effect of eating problems, race, and BMI on the EOQ, the GLM Analysis of Variance was again used (Table 5).
A preliminary survey of dieting, body dissatisfaction, and eating problems among high school cheerleaders
According to the EOQ model, a manufacturer places several orders to its suppliers every year, with the size of each order (order quantity) being enough to satisfy the production demand for a certain period of time.
A comparative analysis of inventory costs of JIT and EOQ purchasing
But calculating an EOQ involves a complicated algebraic equation.
Getting the cash to flow your way
Types of statistical/probabilistic approach have included cluster analysis, a stochastic EOQ model (as part of a system for purchasing items for large projects) and augmentation of the linear weighting method with probabilities.
A prototype expert system for the evaluation and selection of potential suppliers
1994), "Quality metrics of the future", EOQ 94, Lisbon, Portugal.
Analysing business performance: counting the 'soft' issues

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