order quantity


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order quantity

the quantity of an item to be ordered when STOCKS of the item fall to a predetermined minimum stock level. The reorder quantity should serve to replenish stock to the planned maximum stock level. The optimum order quantity may be ascertained by means of a STOCKHOLDING MODEL. See STOCK CONTROL.
References in periodicals archive ?
Khalilpourazari and Pasandideh [18] studied a multi-item multiconstrained Economic Order Quantity model with nonlinear unit holding cost and partial backordering.
They identified the retailer's optimal order quantity as a function of the wholesale price and his total wealth.
The key terminology in the inventory management includes: stock level, demand in given period, costs of ordering, costs of warehousing, costs of stockout, lead time, order quantity and reorder point.
In a recent article in this journal Mehra and Amini[1] presented an inflation-adjusted economic order quantity (EOQ) model.
If the order quantity is smaller than the realized demand, the newsvendor loses some profit.
Intermediate orders are unstable and magnified in start of increasing period, but stabilized as order quantity increasing continues.
The second parameter [x.sub.2] is difference between current inventory level in the final product warehouse and calculated inventory level according to the last evaluated daily order quantity multiplied by 7 days, or constraint of one hundred finished products.