economic order quantity model
1Economic 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.… …
2economic 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… …
3economic 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… …
4Economic production quantity — model (also known as the EPQ model) is an extension of the Economic Order Quantity model. The EPQ model was developed by E.W. Taft in 1918. The difference being that the EPQ model assumes orders are received incrementally during the production… …
5Dynamic lot size model — In inventory theory the Dynamic lot size model is a generalization of the economic order quantity model that takes into account that demand for the product varies over time. The model was introduced by H.M. Wagner and T.H. Whitin in 1958. Problem …
6ECONOMIC HISTORY — This article is arranged according to the following outline: first temple period exile and restoration second temple period talmudic era muslim middle ages medieval christendom economic doctrines early modern period sephardim and ashkenazim… …
7Newsvendor model — The newsvendor (or newsboy or single period[1]) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand for a… …
8ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …
9economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …
10Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …
