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Financial Terms | |
economic order quantity |
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Definition of economic order quantityeconomic order quantityorder size that minimizes total inventory costs.
Related Terms:Economic order quantity (EOQ)The order quantity that minimizes total inventory costs. economic order quantity (EOQ)an estimate of the number Buy limit orderA conditional trading order that indicates a security may be purchased only at the designated Classical MacroeconomicsThe school of macroeconomic thought prior to the rise of Keynesianism. Cross-border riskRefers to the volatility of returns on international investments caused by events associated Day orderAn order to buy or sell stock that automatically expires if it can't be executed on the day it is entered. Discrete order pickingA picking method requiring the sequential completion of ![]() Economic assumptionseconomic environment in which the firm expects to reside over the life of the economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. Economic defeasanceSee: in-substance defeasance. Economic dependenceExists when the costs and/or revenues of one project depend on those of another. Economic earningsThe real flow of cash that a firm could pay out forever in the absence of any change in Economic exposureThe extent to which the value of the firm will change because of an exchange rate change. Economic incomeCash flow plus change in present value. economic integrationthe creation of multi-country markets Economic lifeThe period over which a company expects to be able to use an asset. economic production run (EPR)an estimate of the number Economic rentsProfits in excess of the competitive level. Economic riskIn project financing, the risk that the project's output will not be salable at a price that will Economic surplusFor any entity, the difference between the market value of all its assets and the market Economic unionAn agreement between two or more countries that allows the free movement of capital, Economic Value Added (EVA)Operating profit, adjusted to remove distortions caused by certain accounting rules, less a charge economic value added (EVA)a measure of the extent to which income exceeds the dollar cost of capital; calculated economic value added (EVA)Term used by the consulting firm Stern Stewart for profit remaining after deduction of the cost economically reworkedwhen the incremental revenue from the sale of reworked defective units is greater than EconomicsThe study of the allocation and distribution of scare resources among competing wants. engineering change order (ECO)a business mandate that changes the way in which a product is manufactured or a Fill or kill orderA trading order that is canceled unless executed within a designated time period. job order cost sheeta source document that provides virtually job order costing systema system of product costing used Leading economic indicatorseconomic series that tend to rise or fall in advance of the rest of the economy. Limit orderAn order to buy a stock at or below a specified price or to sell a stock at or above a specified Limit order bookA record of unexecuted limit orders that is maintained by the specialist. These orders are MacroeconomicsThe study of the determination of economic aggregates such as total output and the price level. Make-to-orderA production scheduling system under which products are only Market orderThis is an order to immediately buy or sell a security at the current trading price. material quantity variance(actual quantity X standard price) - (standard quantity allowed standard price); Materials quantity varianceThe difference between the actual and budgeted quantities MicroeconomicsThe study of firm and individual decisions insofar as they affect the allocation and distribution of goods and services. money orderA 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. Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Open (good-til-cancelled) orderAn individual investor can place an order to buy or sell a security. That open purchase orderinga process by which a single purchase Order penetration pointThe point in the production process when a product is Order pickingThe process of moving items from stock for shipment to customers. order pointthe level of inventory that triggers the placement ordering costthe variable cost associated with preparing, pecking order theoryFirms prefer to issue debt rather than equity if internal finance is insufficient. Pecking-order view (of capital structure)The argument that external financing transaction costs, especially Quantity AdjusterA firm that reacts to excess supply or excess demand by adjusting quantity rather than price. Contrast with price adjuster. Quantity Theory of MoneyTheory 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. Sell limit orderConditional trading order that indicates that a, security may be sold at the designated price or special order decisiona 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 allowedthe quantity of input (in hours or some other cost driver measurement) required at standard for the output actually achieved for the period Stop-limit orderA stop order that designates a price limit. In contrast to the stop order, which becomes a Stop-loss orderAn 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 Supply-Side EconomicsView that incentives to work, save, and invest play an important role in determining economic activity by affecting the supply side of the economy. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |