order quantity


Also found in: Financial.

order quantity

[′ȯrd·ər ‚kwän·əd·ē]
(industrial engineering)
The number of pieces ordered to replenish the inventory.
References in periodicals archive ?
As stated above, the conventional approach to analyze the newsvendor model is based on the expected profit maximization (EPM), which considers that a newsvendor selects an order quantity to maximize his expected profit.
The order quantity is the quantity of goods that company is ordering from its supplier.
The standard EOQ can be multiplied by a factor: (1/(1 - i/K)) (1/2) where "K" is the holding rate and "i" the inflation rate to yield an adjusted order quantity. This approach may be compared to Mehra and Amini[1] by using an example from Mehra et al.[2].
In the RE equilibrium, all consumers buy immediately, and the risk-averse newsvendor's retail price and order quantity are characterized by
The bigger deviation from previous order quantity trend results with stronger Bullwhip effect.
After normalizing the order quantity on the average level, the model needs additional period for stabilization of inventory level.