Overcoming economic order quantity limitations
For years scholars have acclaimed the advantages of using the economic order quantity (EOQ) to establish maximum order volume for supply inventories. A method of EOQ calculation may be developed that is simple enough to be used by the inventory supervisor for all high dollar volume or 'A' items on a periodic schedule. Restricting the application to 'A' items only may reduce the impact on available storage space. The ability to recalculate rapidly may cushion the impact of fluctuations in usage. This method is outlined in this article.
Data provided are for informational purposes only. Although carefully collected, accuracy cannot be guaranteed. The impact factor represents a rough estimation of the journal's impact factor and does not reflect the actual current impact factor. Publisher conditions are provided by RoMEO. Differing provisions from the publisher's actual policy or licence agreement may be applicable.