economic order quantity

(redirected from EOQ)
Also found in: Financial, Acronyms, Encyclopedia, Wikipedia.

economic order quantity

That quantity derived from a mathematical technique used to determine the optimum (lowest) total variable costs required to order and hold inventory.
Dictionary of Military and Associated Terms. US Department of Defense 2005.
References in periodicals archive ?
Hypotheses of this model are similar to the model of EOQ. It means conditions for decision making is perfect and consumption is constant and price is fixed.
"Using EOQ model, the most favorable economic order to increase productivity (Case study: Parto Industrial Manufacturing Company)"
Los modelos utilizados fueron EOQ con stock de seguridad, EOQ basico, Wagner-Whitin, Silver-Meal, Costo unitario minimo, Balanceo de periodo fragmentado, Inventario base y Lote a lote.
Diseno de sistema experto para toma de decisiones de compra de materiales
The Quality Leader award is an annual event organized by the EOQ from among 33 national representatives across Europe.
Cyprus Carlsberg brewer bids for European Quality Leader award
Some notable aspects related to EOQ model with stock and price sensitive demand was explored by Mo et al.
Cost analysis for a supplier in an inflationary environment with stock dependent demand rate for perishable items
A present value formulation of the classical EOQ problem, Decision Science 5: 30-35.
The extended MRP model for the evaluation and financing of superannuation schemes in a supply chain
Despite that, the EOQ has restrictions when using the assumptions of fixed and predictable demand, as well as instant deliveries when requested the stock replenishment (SLACK et al., 1997).
Cash balance management: a comparison between genetic algorithms and particle swarm optimization/Gerenciamento do saldo de caixa: uma comparacao entre algoritmos geneticos e particle swarm optimization
Coverage encompasses material properties and manufacturing technologies, such as advances in high-speed milling of metal matrix composites, computer simulation, evaluation of adhesion strength, analysis of structural parameters, heat transfer analysis, wear studies, and processing and characterization of materials; anti-fatigue design technologies and materials, including their effects, fabrication, manufacturing process and models, simulation, dynamic behavior, and tool wear behavior and monitoring; and other topics, such as lean assembly, the status and trends of fixed abrasive polishing on semiconductors, and the application of a fuzzy economic order quantity (EOQ) model to the stock management in the manufacturing system.
Anti-fatigue design and manufacturing technologies I
Economic order quantity, or EOQ, refers to the level of inventory that minimizes inventory holding and ordering cost.
Making a case for should-cost estimates: suggestions for achieving cost targets: though not a simple matter, achieving cost targets can be successful by focusing on five areas suggested by Department of the Navy guidance
Dictionary browser ?
Full browser ?