Economic order quantity economic batch quantity
MPR Sanjay Kumar (3118 Points)
17 November 2021
what is mean by EOQ and EBQ
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 November 2021
Economic Order Quantity, also known as Economic Purchase Quantity, 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.
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.
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.
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