Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is economic order quantity model - definition
ECONOMIC MODEL FOR INVENTORY MANAGEMENT
EOQ Model; EOQ formula; Economic Order Quantity; Economical order quantity; Wilson EOQ Model; Wilson Model; Wilson Formula; Economic Order Quantity Model; EOQ equation; Economic ordering quantity
Economic order quantity
Economic Order Quantity (EOQ), also known as Economic Purchase Quantity (EPQ), is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.
Economic model
SIMPLIFIED REPRESENTATIONS OF ECONOMIC REALITY
Model (Economics); Discrete choice linear model; Discrete regression models; Models, economic; Economic models; Financial Models; Model (economics)
In economics, a model is a theoretical construct representing economic [by a set of variables] and a set of [[logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes.
quantity surveyor
PROFESSION IN THE BUILDING TRADE
Quantity Surveying; Quantity surveying; Quantity measurement
¦ noun Brit. a person who calculates the amount and cost of materials needed for building work.
Wikipedia
Economic order quantity
Economic Order Quantity (EOQ), also known as Economic Buying Quantity (EPQ), is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models. The model was developed by Ford W. Harris in 1913, but R. H. Wilson, a consultant who applied it extensively, and K. Andler are given credit for their in-depth analysis.
