Economic order quantity (EOQ)
Economic order quantity (EOQ) compares the cost of buying an item in various quantities with the cost of carrying those its in stock, and identifies the point at which the cost of the item and the cost to store it are equal.
Category: Economics
Previous: ← Economic alliances
More from this Section
- Ad valorem tax
Ad valorem tax is a tax (such as VAT) which is calculated according to the value of the ... - Blanket Insurance
A Blanket Insurance plan is a unique homeowner's insurance that protects several kinds ... - Arithmetic average
Arithmetic average is a number calculated by adding together several figures and dividing ... - Cash Flow
Cash Flow refers to the physical as well as the virtual movement of monetary resources ... - Capacity Utilization
Capacity Utilization is a company or economy’s capacity represents the maximum amount ...