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 ?
Yang, "An economic order quantity model for deteriorating items with partially permissible delay in payments linked to order quantity," European Journal of Operational Research, vol.
Independent demand is discussed and variations of the economic order quantity model are illustrated.
The traditional inventory management practices centre around the economic order quantity model which focuses on minimizing the inventory costs rather than on minimizing the inventory (Johnson and Stice, 1993).
Ozdemir, "An economic order quantity model with defective items and shortages," International Journal of Production Economics, vol.
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