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economic order quantity

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
economic order quantity [‚ek·ə′näm·ik ′ȯr·dər ‚kwän·ə·dē]
(industrial engineering)
The number of orders required to fulfill the economic lot size.


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Due to these facts, a number of authors have developed the Economic Order Quantity (EOQ) models that focused on stock-dependent demand rate patterns.
Economic order quantity, Young noted, is another business practice that produces savings and gives program managers a chance to efficiently execute their programs.
Economic order quantity (EOQ) is a calculation that lets you know the best quantity of a product to order so that you can minimise the total variable costs involved in ordering and holding that product in inventory.
 
 
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