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.

economic order quantity

References in periodicals archive ?
Mitra et al [13] presented a simple procedure for adjusting the economic order quantity model for the case of increasing or decreasing linear trend in demand.
1982, Economic Order Quantity models with nonlinear holding cost, European Journal of Operational Research, 9, 56-60.

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