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.

Military dictionary. 2000.

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  • Economic order quantity — is that level of inventory that minimizes the total of inventory holding cost and ordering cost. The framework used to determine this order quantity is also known as Wilson EOQ Model. The model was developed by F. W. Harris in 1913. But still R.… …   Wikipedia

  • Economic Order Quantity — Saltar a navegación, búsqueda El Economic Order Quantity, o EOQ, constituye actualmente uno de los sistemas de administración de inventarios. Creado a principios del siglo XX, el EOQ es un método que, tomando en cuenta la demanda, el costo por… …   Wikipedia Español

  • economic order quantity — ( EOQ) The order quantity that minimizes total inventory costs. Bloomberg Financial Dictionary * * * economic order quantity economic order quantity ➔ quantity * * * economic order quantity UK US noun [C or U] (ABBREVIATION …   Financial and business terms

  • Economic Order Quantity — Die klassische Losformel oder Andler Formel (engl. Economic Order Quantity, EOQ Formel) ist eine im deutschen Sprachraum 1929 von Kurt Andler bekanntgemachte Methode[1][2] zur Ermittlung der optimalen Losgröße im Rahmen von einstufiger,… …   Deutsch Wikipedia

  • economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… …   Accounting dictionary

  • economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… …   Big dictionary of business and management

  • economic order quantity — /ˌi:kənɒmɪk ɔ:də ˌkwɒntɪti/ noun the quantity of stocks which a company should hold, calculated on the basis of the costs of warehousing, of lower unit costs because of higher quantities purchased, the rate at which stocks are used and the time… …   Marketing dictionary in english

  • economic order quantity — EOQ A volume of inventory intended to minimize *inventory related administrative, holding, and transport costs. An optimal EOQ can be calculated through either differential calculus or subjective estimation …   Auditor's dictionary

  • Economic Order Quantity - EOQ — An inventory related equation that determines the optimum order quantity that a company should hold in its inventory given a set cost of production, demand rate and other variables. This is done to minimize variable inventory costs. The full… …   Investment dictionary

  • Economic order quantity (EOQ) — The order quantity that minimizes total inventory costs. The New York Times Financial Glossary …   Financial and business terms

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