Economic Batch Quantity (EBQ), also called Optimal Batch Quantity or Economic Production Quantity [http://en.wikipedia.org/wiki/Economic_production_quantity] , is a measure used to determine the quantity of units that can be produced at minimum average costs in a given batch or production run.
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economic batch quantity — A refinement of the economic order quantity to take into account circumstances in which the goods are produced in batches. The formula is: Q = [2cdr/h(r – d)]½, where Q is the quantity to be purchased or manufactured, c is the cost of processing… … Accounting dictionary
economic batch quantity — A refinement of the economic order quantity to take into account circumstances in which the goods are produced in batches. The formula is: Q = [2cdr h(r d)]½, where Q is the quantity to be purchased or manufactured, c is the cost of processing an … Big dictionary of business and management
economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… … Accounting dictionary
economic order quantity — EOQ A decision model, based on differential calculus, that determines the optimum order size for purchasing (sometimes called the economic purchase quantity) or manufacturing (economic manufacturing quantity) an item of stock. The optimum order… … Big dictionary of business and management
List of production topics — Production Contents 1 Overview 2 History 3 General concepts 3.1 Manufacturing and manufacturing systems … Wikipedia
EBQ — may refer to: * Economic batch quantity * EBq (exabecquerel), a multiple of Becquerel, a unit of radioactivity … Wikipedia
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Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… … Wikipedia
Production leveling — Production leveling, also known as production smoothing or – by its Japanese original term – heijunka (平準化?),[1] is a technique for reducing the muda waste and vital to the development of production efficiency in the Toyota Production System and… … Wikipedia
Jack C. Hayya — is professor emeritus of management science at the Pennsylvania State University.Education*B.S., Civil Enginering, University of Illinois at Champaign Urbana, 1952 *M.S., Management, California State University, Northridge, 1961 [Hayya, Jack C.… … Wikipedia
