- economic order quantity
- That quantity derived from a mathematical technique used to determine the optimum (lowest) total variable costs required to order and hold inventory.
Military dictionary. 2000.
economic order quantity
Look at other dictionaries:
Economic order quantity — is that level of inventory that minimizes the total of inventory holding cost and ordering cost. The framework used to determine this order quantity is also known as Wilson EOQ Model. The model was developed by F. W. Harris in 1913. But still R.… … Wikipedia
Economic Order Quantity — Saltar a navegación, búsqueda El Economic Order Quantity, o EOQ, constituye actualmente uno de los sistemas de administración de inventarios. Creado a principios del siglo XX, el EOQ es un método que, tomando en cuenta la demanda, el costo por… … Wikipedia Español
economic order quantity — ( EOQ) The order quantity that minimizes total inventory costs. Bloomberg Financial Dictionary * * * economic order quantity economic order quantity ➔ quantity * * * economic order quantity UK US noun [C or U] (ABBREVIATION … Financial and business terms
Economic Order Quantity — Die klassische Losformel oder Andler Formel (engl. Economic Order Quantity, EOQ Formel) ist eine im deutschen Sprachraum 1929 von Kurt Andler bekanntgemachte Methode[1][2] zur Ermittlung der optimalen Losgröße im Rahmen von einstufiger,… … Deutsch Wikipedia
Economic Order Quantity - EOQ — An inventory related equation that determines the optimum order quantity that a company should hold in its inventory given a set cost of production, demand rate and other variables. This is done to minimize variable inventory costs. The full… … Investment dictionary
economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… … Accounting dictionary
economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… … Big dictionary of business and management
Economic order quantity (EOQ) — The order quantity that minimizes total inventory costs. The New York Times Financial Glossary … Financial and business terms
economic order quantity — /ˌi:kənɒmɪk ɔ:də ˌkwɒntɪti/ noun the quantity of stocks which a company should hold, calculated on the basis of the costs of warehousing, of lower unit costs because of higher quantities purchased, the rate at which stocks are used and the time… … Marketing dictionary in english
Economic production quantity — model (also known as the EPQ model) is an extension of the Economic Order Quantity model. The EPQ model was developed by E.W. Taft in 1918. The difference being that the EPQ model assumes orders are received incrementally during the production… … Wikipedia
