|economic order quantity|
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Definition of economic order quantity
economic order quantity
order size that minimizes total inventory costs.
The order quantity that minimizes total inventory costs.
an estimate of the number
Abrams’ model for calculating DLOM based on the interaction of discounts from four economic components.
A conditional trading order that indicates a security may be purchased only at the designated
Refers to the volatility of returns on international investments caused by events associated
An order to buy or sell stock that automatically expires if it can't be executed on the day it is entered.
economic environment in which the firm expects to reside over the life of the
See: in-substance defeasance.
Exists when the costs and/or revenues of one project depend on those of another.
The real flow of cash that a firm could pay out forever in the absence of any change in
The extent to which the value of the firm will change because of an exchange rate change.
Cash flow plus change in present value.
Profits in excess of the competitive level.
In project financing, the risk that the project's output will not be salable at a price that will
For any entity, the difference between the market value of all its assets and the market
An agreement between two or more countries that allows the free movement of capital,
Fill or kill order
A trading order that is canceled unless executed within a designated time period.
Leading economic indicators
economic series that tend to rise or fall in advance of the rest of the economy.
An order to buy a stock at or below a specified price or to sell a stock at or above a specified
Limit order book
A record of unexecuted limit orders that is maintained by the specialist. These orders are
This is an order to immediately buy or sell a security at the current trading price.
Negotiable order of withdrawal (NOW)
Demand deposits that pay interest.
Open (good-til-cancelled) order
An individual investor can place an order to buy or sell a security. That
Pecking-order view (of capital structure)
The argument that external financing transaction costs, especially
Sell limit order
Conditional trading order that indicates that a, security may be sold at the designated price or
An order to sell a stock when the price falls to a specified level.
Stop order (or stop)
An order to buy or sell at the market when a definite price is reached, either above (on a
A stop order that designates a price limit. In contrast to the stop order, which becomes a
Economic Value Added (EVA)
Operating profit, adjusted to remove distortions caused by certain accounting rules, less a charge
the creation of multi-country markets
economic production run (EPR)
an estimate of the number
when the incremental revenue from the sale of reworked defective units is greater than
economic value added (EVA)
a measure of the extent to which income exceeds the dollar cost of capital; calculated
engineering change order (ECO)
a business mandate that changes the way in which a product is manufactured or a
job order cost sheet
a source document that provides virtually
job order costing system
a system of product costing used
material quantity variance
(actual quantity X standard price) - (standard quantity allowed standard price);
open purchase ordering
a process by which a single purchase
the variable cost associated with preparing,
the level of inventory that triggers the placement
special order decision
a situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market
standard quantity allowed
the quantity of input (in hours or some other cost driver measurement) required at standard for the output actually achieved for the period
The period over which a company expects to be able to use an asset.
Materials quantity variance
The difference between the actual and budgeted quantities
economic value added (EVA)
Term used by the consulting firm Stern Stewart for profit remaining after deduction of the cost
pecking order theory
Firms prefer to issue debt rather than equity if internal finance is insufficient.
The school of macroeconomic thought prior to the rise of Keynesianism.
The study of the allocation and distribution of scare resources among competing wants.
The study of the determination of economic aggregates such as total output and the price level.
The study of firm and individual decisions insofar as they affect the allocation and distribution of goods and services.
A firm that reacts to excess supply or excess demand by adjusting quantity rather than price. Contrast with price adjuster.
Quantity Theory of Money
Theory that velocity is constant, and so a change in money supply will change nominal income by the same percentage. Formalized by the equation Mv = PQ.
View that incentives to work, save, and invest play an important role in determining economic activity by affecting the supply side of the economy.
Discrete order picking
A picking method requiring the sequential completion of
A production scheduling system under which products are only
Order penetration point
The point in the production process when a product is
The process of moving items from stock for shipment to customers.
A guaranteed form of payment in amounts up to and including $5,000. You might request a money order in order to pay for tuition fees at a university or a college, or for a magazine subscription.
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