EOQ

What is meant by EOQ?

Questions by luckyrain

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kl_krupa

  • Oct 3rd, 2010
 

Economic order quantity is the level of inventory that optimises the total inventory holding costs and ordering costs.

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Lakshmikanth Dandu

  • Jan 27th, 2011
 

Economic order quantity refers to the quantity to purchased every time so as to minimize total of two types of costs associated with purchase. The size of the order for which the total of ordering costs per annum and carrying cost per annum are minimum is know as the eoq.

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