economic order quantity


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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.
References in periodicals archive ?
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.
In the paper the way how to deliver 2 classes in the area of inventory management was suggested together with the homework assignment given as an introduction to the theme of the economic order quantity.
Now including the freight cost what is the economic order quantity that would provide the minimum total inventory, holding, and freight cost?
1982, Economic Order Quantity models with nonlinear holding cost, European Journal of Operational Research, 9, 56-60.
The measurement of the economic order quantity (EOQ) is impacted by the IHC.
Independent demand is discussed and variations of the economic order quantity model are illustrated.
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.
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.
In terms of weapons we need to move from acquiring ordnance a minimum sustaining rates toward economic order quantity purchases-to reduce unit cost and more rapidly build inventories to required levels.
The distribution segment, in order to optimize its operations, determines an economic order quantity (EOQ) which is dependent on the transfer price set by the manufacturing segment.
Some accountants prescribe the economic order quantity (EOQ) method to determine ideal inventory.
Louis aircraft manufacturing facility, McDonnell-Douglas reduced its economic order quantity by linking what had been 100 individual computer numerical control machine tool cells to a single production-scheduling computer.
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