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Economic order quantity. Economic order quantity ( EOQ ), also known as financial purchase quantity or economic buying quantity, [citation needed] 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 equivalent weight of an element is the mass of a mole of the element divided by the element's usual valence. That is, in grams, the atomic weight of the element divided by the usual valence. [ 2] For example, the equivalent weight of oxygen is 16.0/2 = 8.0 grams. For acid–base reactions, the equivalent weight of an acid or base is the ...
The kilogram-force ( kgf or kgF ), or kilopond ( kp, from Latin: pondus, lit. 'weight'), is a non-standard gravitational metric unit of force. It is not accepted for use with the International System of Units (SI) [ 1] and is deprecated for most uses. [citation needed] The kilogram-force is equal to the magnitude of the force exerted on one ...
Parts-per notation is often used describing dilute solutions in chemistry, for instance, the relative abundance of dissolved minerals or pollutants in water. The quantity "1 ppm" can be used for a mass fraction if a water-borne pollutant is present at one-millionth of a gram per gram of sample solution. When working with aqueous solutions, it ...
The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to minimize the total inventory costs by balancing the inventory holding cost and average fixed ordering cost. The EPQ model was developed and published by E. W. Taft, a statistical engineer working at Winchester ...
The metric system is a decimal -based system of measurement. The current international standard for the metric system is the International System of Units (Système international d'unités or SI), in which all units can be expressed in terms of seven base units: the metre (m), kilogram (kg), second (s), ampere (A), kelvin (K), mole (mol), and ...
Conversion of units is the conversion of the unit of measurement in which a quantity is expressed, typically through a multiplicative conversion factor that changes the unit without changing the quantity. This is also often loosely taken to include replacement of a quantity with a corresponding quantity that describes the same physical property ...
Economic batch quantity. In inventory management, Economic Batch Quantity (EBQ), also known as Optimum Batch Quantity (OBQ) is a measure used to determine the quantity of units that can be produced at the minimum average costs in a given batch or product run. EBQ is basically a refinement of the economic order quantity (EOQ) model to take into ...