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  2. Economic order quantity - Wikipedia

    en.wikipedia.org/wiki/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.

  3. Carrying cost - Wikipedia

    en.wikipedia.org/wiki/Carrying_cost

    First of all, we need to go through the idea of economic order quantity (EOQ). [6] EOQ is an attempt to balance inventory holding or carrying costs with the costs incurred from ordering or setting up machinery. The total cost will minimized when the ordering cost and the carrying cost equal to each other.

  4. Economic batch quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_batch_quantity

    Compared to the EOQ equation, there is a factor d/p introduced. This is due to the fact that when we produce a component while it is used in downstream production at the same time, inventory levels will not reach the same peak as when we order the components from a supplier and receive the batch at a single point in time.

  5. Economic production quantity - Wikipedia

    en.wikipedia.org/wiki/Economic_production_quantity

    While the EOQ model assumes the order quantity arrives complete and immediately after ordering, meaning that the parts are produced by another company and are ready to be shipped when the order is placed. In some literature, [citation needed] the term "economic manufacturing quantity" model (EMQ) is used for "economic production quantity" model ...

  6. Dynamic lot-size model - Wikipedia

    en.wikipedia.org/wiki/Dynamic_lot-size_model

    We have available a forecast of product demand d t over a relevant time horizon t=1,2,...,N (for example we might know how many widgets will be needed each week for the next 52 weeks). There is a setup cost s t incurred for each order and there is an inventory holding cost i t per item per period ( s t and i t can also vary with time if desired).

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    "Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." It’s that time of year that so many of us dread — the end of Daylight Saving Time (Sunday ...

  8. Reorder point - Wikipedia

    en.wikipedia.org/wiki/Reorder_point

    The reorder point (ROP), also reorder level (ROL) or "optimal re-order level", [1] is the level of inventory which triggers an action to replenish that particular inventory. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered.

  9. Play Pinochle Online for Free - AOL.com

    www.aol.com/games/play/masque-publishing/pinochle

    Aces around, dix or double pinochles. Score points by trick-taking and also by forming combinations of cards into melds.

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