economic order quantity(redirected from EOQ formula)
Also found in: Dictionary, Encyclopedia.
Related to EOQ formula: EOQ Model
Economic order quantity (EOQ)
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
economic order quantitysee STOCKHOLDING ( INVENTORY) COSTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005