economic order quantity

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Economic order quantity (EOQ)

The order quantity that minimizes total inventory costs.
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 quantity

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Their manufacturing and business processes are structured to support large economic order quantities. A major manufacturing plant does not easily convert from large production runs to small production runs.
* The purchasing discipline includes a computation to determine the most economic order quantities.
The quick changeover equipment has allowed Caterpillar to reduce economic order quantities on the track shoe fabrication operation to 200 to 400 pieces, as opposed to the 800 to 1200 parts that would be run using the old system.

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