Presented By:
Neeraj Gautam


“Economic Order Quantity”
Introduction
 The model was developed by F. W. Harris in 1915. R. H. Wilson is credited in-depth analysis of the model. It gives optimal quantity to order that minimizes total variable costs required to order and hold inventory.
What is EOQ ?
Economic order quantity is the level of inventory that minimizes the total inventory holding costs and ordering costs.
Since a higher quantity is not best … and a lower quantity is not best � ....etc

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ABSTRACT
Metal cutting fluids changes the performance of machining operations because of their lubrication, cooling, and chip flushing functions. Typically, in the machining of hardened steel materials, no cutting fluid is applied in the interest of low cutting forces and low environmental impacts. Minimum quantity lubrication (MQL) presents itself as a viable alternative for hard machining with respect to tool wear, heat dissertation, and machined surface quality. This study compares the mechanical performance of mini ....etc

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Presented by:
Unni Krishnan Pillai


Economic order quantity
Meaning:
• Economic order quantity is the level of inventory that minimizes the total inventory holding costs and ordering costs. It is one of the oldest classical production scheduling models. The framework used to determine this order quantity is also known as Wilson EOQ Model or Wilson Formula.
Overview
• EOQ only applies where the demand for a product is constant over the year and that each new order is delivered in full when the ....etc

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