Beyond economic repair (BER)
1) Where the projected cost of repair, normally for a repairable or rotable item, exceeds a management-set percentage of the replacement value of the item concerned.
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Beyond economic repair (BER) 1) Where the projected cost of repair, normally for a repairable or rotable item, exceeds a management-set percentage of the replacement value of the item concerned.
Economic stock 1) The sum of the physical stock and the goods ordered but not yet received, minus the goods sold but not yet delivered for which a company carries risk in respect of a drop in price and unmarketability. (Source: ILT Supply-Chain Inventory Management SIG) Economic order quantity (EOQ) 1) In fixed order quantity systems, the size of an order that minimizes the total inventory cost, under a given set of circumstances, obtained by trade-off analysis between the cost of placing an order and the cost of holding stock. (Source: ILT Supply-Chain Inventory Management SIG) Economic order interval (EOI) 1) In fixed order interval systems, the interval between orders that will minimize the total inventory cost, under a given set of circumstances, obtained by trade-off analysis between the cost of placing an order and the cost of holding stock. (Source: ILT Supply-Chain Inventory Management SIG) |
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