What is the order quantity that minimizes total annual cost of inventory?

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asked Apr 17, 2024 161k views

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JeanHuguesRobert · Answer 1 · 2024-04-22T06:42:45+0000

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The economic order quantity (EOQ)

The economic order quantity (EOQ) is a company's optimal order quantity that meets demand while minimizing its total costs related to ordering, receiving, and holding inventory.

What is the order quantity that minimizes total annual cost of inventory?

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