How much should be ordered? (economic order quantity)

The resulting ordering quantity is called the economic lot-size, or economic ordering quantity (EOQ).

The quantity Q is known as the economic order quantity (EOQ).

This quantity, Q, is called the Economic Order Quantity (EOQ).

The basic Economic Order Quantity (EOQ) formula is as follows:

how to determine the economic quantity of a rock for quarry business

»how to determine the economic quantity of a rock for quarry business

Economic Order Quantity (EOQ) is given by following formula

Let’s look more closely at the formula for calculating the Economic Order Quantity:

The Economic Order Quantity (EOQ) formula is as follows:

Then it refers to a definite economic quantity, to a determinate amount of goods or its equivalent in money.

This information is enough to determine the optimal (or economic) order quantity.

The quantity Q is known as the economic order quantity (EOQ).

This quantity, Q, is called the Economic Order Quantity (EOQ).

The quantity Q is known as the economic order quantity (EOQ).