(1989) An
economic order quantity model with demand-dependent unit cost, European Journal of Operational Research.
Accordingly, the economic value of the order for the material to be calculated, For example, the
economic order quantity of copper is calculated as follows.
Eftekhari, "An
economic order quantity under joint replenishment policy to supply expensive imported raw materials with payment in advance," Journal of Applied Sciences, vol.
Economic order quantity (EOQ), economical production rate (EPR) and minimum sustaining rate (MSR) are familiar terms that sound obvious but are surprisingly difficult to pin down and use effectively in communication.
The classical
economic order quantity (EOQ) model seeks to find the balance between ordering cost and carrying cost with a view of obtaining the most economic quantity to procure by the distributor.
Economic Order Quantity technique, developed nearly a hundred years ago (Harris, 1915) has enjoyed an enormous following over the past century and many an industry leader has benefited by following EOQ principles in their inventory management.
The aim of the paper is to develop an EOQ (
Economic Order Quantity) model for a single-item inventory having a price-varying quadratic demand.
Due to these facts, a number of authors have developed the
Economic Order Quantity (EOQ) models that focused on stock-dependent demand rate patterns.
He includes a comprehensive glossary and an appendix containing information on
economic order quantity, reorder points and safety stock for MRO inventory.