- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 16 Mar 2021
Economic Order Quantity EOQ
Economic Order Quantity (EOQ) is an inventory management method that describes the minimum amount of inventory an organisation must have available to optimise the size of orders and their associated costs. It is frequently used in operations, logistics and supply chain management.
This purchasing and inventory management formula was developed in 1913 by Ford W. Harris. Harris was an American production engineer who worked for Westinghouse Electric. His square root formula is based on an understanding that certain key factors (demand, ordering and inventory costs) remain constant. It is one of the oldest classical production scheduling models.
 Related articles on Designing Buildings Wiki
Featured articles and news
How Islamic architecture shaped Europe. Book review.
The campaign to preserve a rare blacksmith bridge.
Transitional options for the next generation of heating technologies.
Additional support being offered to job seekers with autism.
Six ways to help our children learn.
BSRIA adds to its series of illustrated guides.
ECA calls for energy levy reform.
ICE considers creation of new professional designation.
Principles of conservation for bronze objects. Book review.
The untapped potential of charities, community organisations and social enterprises.