Economic order quantity

 

 

 

Economic order quantity

 

Glossary of business

 

Definition of economic order quantity

 

The economic order quantity is the level of stock that minimises the firm's costs. Holding stock will raise a firm' costs, but ordering small quantities of stock will also raise their costs as it is cheaper to buy stock in large quantities. The economic order quantity takes account of both these factors to work out the level of stocks which will minimise costs.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of economic order quantity

 

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Meaning of economic order quantity

 

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What does economic order quantity mean ?

 

 

 

 

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