We are pleased to invite you to attend a special online presentation on “Dynamic Economic Order Quantity (EOQ) Model” by Dr. Muhammad Shafiq, Associate Professor/Director Institute of Industrial Engineering and Management, University of the Punjab.
Date: Friday, 23 April 2026 (Thursday)
Time: 14:30 – 15:00 hrs.
Interested participants may join online using the following Zoom details:
Zoom Meeting ID: 939 4580 5379
Passcode: Fac-search
Title: Dynamic Economic Order Quantity (EOQ) Model
Short Abstract: The Dynamic Economic Order Quantity (EOQ) model is an advanced inventory management approach that accounts for changes in demand, ordering costs, and holding costs over time. Unlike the basic EOQ model, it determines optimal order quantities for each period rather than a single fixed value. The main objective is to minimize total inventory costs across a planning horizon. It often uses methods like dynamic programming to decide when and how much to order. This model is especially useful in situations where demand is not constant, such as seasonal or fluctuating markets.
