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

see STOCKHOLDING ( INVENTORY) COSTS.
References in periodicals archive ?
Trevino-Garza, "Celebrating a century of the economic order quantity model in honor of Ford Whitman Harris," International Journal of Production Economics, vol.
The economic order quantity model is most suited for determining the order size for such items.
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.
20] built a multi-item economic order quantity model with shortage under vendor-managed inventory policy in a single vendor single buyer supply chain; they proposed a new modeling to the fuzzy VMI problem with multi-items and shortage and employed three metaheuristic algorithms (ACA, GA, and DE) to solve a FNIP problem.

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