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Economic order quantity

• Abbreviated EOQ. The order quantity that minimizes total inventory costs.

• An inventory management technique for determining an item's optimal order quantity, which is the size that minimizes the total of its order costs and carrying costs.

 
 

Follow this link for all the terms related to order.

 
 Embedded terms in definition
 Carrying costs
Inventory
Its
Order costs
Order
Size
 
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