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.
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References in periodicals archive ?
(1991) An economic order quantity model with demand-dependent unit production cost and imperfect production process, IIE Transactions.
Optimization of EOQ Model with Limited Storage Capacity by Neutrosophic Geometric Programming
Ko, Economic order quantity models for ameliorating/deteriorating items under inflation and time discounting.
Modelos de inventarios con productos perecederos: revision de literatura/Inventory models with deteriorating items: A literature review
* 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.
"Using EOQ model, the most favorable economic order to increase productivity (Case study: Parto Industrial Manufacturing Company)"
Determination of the economic order quantity under the condition of uncertainty.
Analysis of economic order quantity under Ecommerce paradigm
Where: Q = the economic order quantity and F = the freight cost per shipment (regardless of size)
Bama Drinks Company: an inventory case portfolio.(Instructor's Note)
[7] Weiss, H.J., 1982, Economic Order Quantity models with nonlinear holding cost, European Journal of Operational Research, 9, 56-60.
An order level EOQ model for deteriorating items in a single warehouse system with price depended demand in non-linear (quadratic) form
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.
A survey of inventory holding cost assessment and safety stock allocation
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.
Improving base demand levels using COLT
Independent demand is discussed and variations of the economic order quantity model are illustrated.
Principles of Supply Chain Management: a Balanced Approach
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.
A modern view of inventory: how do you decide what level of stock is right for you?
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.
Predictive intelligence helps CFOs forecast demand: A new form of software can help finance executives get a window on the actions and decisions that can improve demand--and the bottom line. (Forecasting)
The sections on decision making ignore economic order quantity, learning curves, performance evaluation, budgeting with uncertainty, and activity-based budgeting.
Managerial Accounting

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