Search results with tag "Economic order quantity"
Unit 1 Introduction to Inventory Management
www.osou.ac.informula or a method which is logically derived to keep control on the inventory levels. These techniques are explained as below: (a) ECONOMIC ORDER QUANTITY (EOQ) The optimal size of an order for replenishment of inventory is called economic order quantity. Economic order quantity (EOQ) or optimum order quantity is that
Supply Chain Management: Inventory Management - UNB
www2.unb.caTable of contentsI 1 Introduction 2 Inventory Management 3 Inventory models 4 Economic Order Quantity (EOQ) EOQ model When-to-order? 5 Economic Production Quantity (EPQ): model description EPQ model 6 The Newsboy Problem-Unknown demand (probabilistic model) The newsvendor model 7 Multiple-period stochastic model: model description 8 Managing inventory in the supply chain
Administración Financiera de Inventarios
web.uqroo.mxModelo de lote económico (EOQ, CEP): •Es un modelo de cantidad fija de reorden. •Fue desarrolla por F. W. Harris en 1915. •Considera sólo como costos relevantes los costos de mantenimiento del inventario y los costos de pedido. •Busca minimizar la suma de ambos costos. EOQ= Economic Order Quantity
Economic Order Quantity (EOQ) Model
www.ripublication.comAssumptions in EOQ Model: The formula is based on the following assumptions. Without these assumptions, the EOQ model cannot work to its optimal potential. 1. The demand rate for the year is known and evenly spread throughout the year. 2.