EOQ

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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.

References in periodicals archive ?

Had the EOQ been based on the entire 2009 sales it would have been:

Bama Drinks Company: an inventory case portfolio.(Instructor's Note)

Optimal EOQ models for deteriorating items with time varying demand.

An order level EOQ model for deteriorating items in a single warehouse system with price depended demand in non-linear (quadratic) form

The EOQ is the optimal production lot size for the manufacturing segment and the optimal order size for the distribution segment.

Transfer pricing strategies and lot sizing decisions

Vrat, EOQ models for perishable items under stock-dependent selling rate, European Journal of Operational Research 86 (1995), 281-292.

A model on two storage inventory system under stock dependent selling rate incorporating marketing decisions and transportation cost with optimum release rule

Two EOQ models have been developed here considering the following;

An EOQ model for time dependent linearly deteriorating items with shortages

It is proved that the results reduce to the corresponding results for the standard EOQ model when demand is constant and deterioration approaches zero.

A continuous deterministic inventory system for deteriorating items with inventory-level-dependent time varying demand rate

Harmonization of Air Force and DLA EOQ Policies," AFLMA, Maxwell AFB, Gunter Annex, Alabama, Oct 98.

Customer-oriented leveling technique: COLT uses a marginal analysis technique to achieve the best possible objective while satisfying constraints. (Supply 2003)

Other than these characteristics, standard EOQ assumptions, such as known and constant ordering and carrying costs, zero lead-time, and no stockouts are applicable.

Responding to a one-time-only sale (OTOS) of a product subject to sudden obsolescence

The remainder of this article gives a brief overview of EOQ theory, to include some of its assumptions.

Managing Air Force depot consumables: the big picture. (Logistics Support)

Chaudhuri, An EOQ model with stock-dependent demand, shortage, inflation and time discounting, International Journal of Production Economics 53 (1997) 171-180.

Two-warehouse inventory model for deteriorating items with shortages under inflation and time-value of money

In contrast, ordering the EOQ whenever a shortfall was identified significantly increased materiel availability with a modest increase in inventory.

Reparability Forecast Model. (Logistics Support)

The model management subsystem would search its modelbase and select the appropriate EOQ model.