About Economic Order Quantity
Calculate economic order quantity to minimizes total inventory holding costs and ordering costs. EOQ is useful when demand for a product is constant over the a particular range of tim and when each new order is delivered...
Calculate economic order quantity to minimizes total inventory holding costs and ordering costs.
EOQ is useful when demand for a product is constant over the a particular range of tim and when each new order is delivered in full at the point when your inventory reaches zero.
There is a fixed cost for each order placed, regardless of the number of units ordered. There is also a cost for each unit held in storage, commonly known as holding cost, sometimes expressed as a percentage of the purchase cost of the item.
Use EOQ to determine the optimal number of units to order such that you can minimize the total cost associated with the purchase, delivery and storage of the product.
Jul 6, 2021
Version 3.0
All new codebase and interface for a cleaner and more efficient experience. Enjoy!
Previous Versions
Here you can find the changelog of Economic Order Quantity since it was posted on our website on 2016-09-27 13:48:05.
The latest version is 3.0 and it was updated on 2024-04-22 16:16:11. See below the changes in each version.
Economic Order Quantity version 3.0
Updated At: 2021-07-06
Changes: Jul 6, 2021 Version 3.0
All new codebase and interface for a cleaner and more efficient experience. Enjoy!
Economic Order Quantity version 2.9.1
Updated At: 2017-11-23
Changes: Nov 23, 2017 Version 2.9.1
General Updates
Economic Order Quantity version 2.8
Updated At: 2014-04-01
Economic Order Quantity version 2.9.1
Updated At: 1970-01-01
Changes: 23 нояб. 2017 г. Version 2.9.1
General Updates
Economic Order Quantity version 2.9.1
Updated At: 1970-01-01
Changes: 2017年11月23日 Version 2.9.1
General Updates
Disclaimer
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