(1991) An economic order quantity
model with demand-dependent unit production cost and imperfect production process, IIE Transactions.
* Due to the fact that using economic order quantity
model may lead to significant cost reduction, it is suggested that the management of the company use the presented suggestion to plan inventory in control system and apply the commands required in this field.
Determination of the economic order quantity
under the condition of uncertainty.
Where: Q = the economic order quantity
and F = the freight cost per shipment (regardless of size)
 Weiss, H.J., 1982, Economic Order Quantity
models with nonlinear holding cost, European Journal of Operational Research, 9, 56-60.
The standard technique used to minimize total inventory costs is the economic order quantity
(EOQ), which is the lot size that minimizes the sum of holding and ordering costs.
Both employ a reorder point (ROP) which is the point to order stock to replenish the demand levels, and an economic order quantity
(EOQ), or the minimum amount ordered.
Independent demand is discussed and variations of the economic order quantity
model are illustrated.
Early techniques for determining optimal order quantities for each item were based on computing the economic order quantity
, which is the quantity that minimizes the total ordering plus holding costs for each item at each location.
The data warehouse holds the standards for the product, geography, time hierarchy, rules and workflow, as well as definitions for measures and calculations like activity-based costing, economic order quantity
, gross margin and profit.
The sections on decision making ignore economic order quantity
, learning curves, performance evaluation, budgeting with uncertainty, and activity-based budgeting.