Construct · 1 fields · 1 citations

economic order quantity: a standalone construct

One name. One construct. A landmark on the map.

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economicorder quantity1 CONSTRUCTEconomic order quantityHARRIS · OPERATIONS MANAGEMENT

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Operations management

the order size that minimizes the sum of ordering and holding costs for a steadily demanded item.

In operations management, economic order quantity refers to the order size that minimizes the sum of ordering and holding costs for a steadily demanded item. This meaning comes from Harris (1913/1990) in Operations Research.[1]

Unit
Recovery means
Measured by

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Nearby constructs

inventory1 fields · 2 citationsanchor · a standalone constructcarbon-constrained EOQ model1 fields · 1 citationsanchor · a standalone constructholding2 fields · 2 citationsjingle · one word, two constructs

References

  1. Harris, F. W. (1990). How Many Parts to Make at Once. Operations Research, 38(6), 947-950. (Original work published 1913) https://doi.org/10.1287/opre.38.6.947

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