Skip to main content

Sage Social Science Thesaurus

Search from vocabulary

Content language

Concept information

social science subjects > economics > economic concepts > economic order quantity
social science subjects > health and social care > health care management > operations and decision making > economic order quantity

Preferred term

economic order quantity  

Definition

  • The economic order quantity (EOQ) is the quantity of an item that should be ordered to minimize the relevant costs of placing orders and carrying inventory. The EOQ is most appropriate for items used on a regular basis for which demand is relatively stable and independent. [Source: Encyclopedia of Health Care Management; Economic Order Quantity (EOQ)]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/economic_order_quantity

Download this concept:

RDF/XML TURTLE JSON-LD