EOQ


Also found in: Dictionary, Financial, Acronyms, Wikipedia.

EOQ

(Economic Order Quantity) The most economical quantity of a product that should be purchased at one time. The EOQ is based on all associated costs for ordering and maintaining the product.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
1--Using "EOQ" model, most favorable economic order, an optimal production of production and control inventory, increase yields and reduce the cost of producing the product.
Chiang, "EOQ model for non-instantaneous deteriorating items with time-varying demand and partial backlogging," International Journal of Industrial and Systems Engineering, vol.
In this model, adapted from the EOQ for the cash optimization, the optimal configuration is obtained as a function of the relationship between the opportunity cost and transaction cost.
The economic order quantity (EOQ) model was the first mathematical model introduced several decades ago by Harris (1913) to assist corporations in minimizing total inventory costs.
The batching rule then became known as the Wilson Economic Order Quantity (EOQ) as it applies to inventory management.
Slovnik EOQ (European Organization for Quality) za naklady na kvalitu povazuje vydavky vynalozene vyrobcom, pouzivatelom a spolocnostou na kvalitu produktu resp.
The SLSS is one of six sub-scales of the Exercise Orientation Questionnaire (EOQ), and was the only sub-scale that could distinguish patients diagnosed with eating disorders from healthy controls (Yates, Edman, Crago, Crowell, & Zimmerman, 1999).
The budget-limited strategy of 12-18 aircraft annually is also a minimum economic order of quantity (EOQ), which allows bidders to size production and validate cost to produce aircraft on time and within budget.