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Economic Order Quantity in Industrial Engineering Formulas
Economic order quantity is an equation for the inventory that determines the ideal order quantity a company should purchase for its inventory given a set cost of production, demand rate, and other variables. And is denoted by EOQ.
Industrial Engineering formulas that make use of Economic Order Quantity
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Time Taken for Purchase Model with No Shortage
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FAQ
What is the Economic Order Quantity?
Economic order quantity is an equation for the inventory that determines the ideal order quantity a company should purchase for its inventory given a set cost of production, demand rate, and other variables.
Can the Economic Order Quantity be negative?
{YesorNo}, the Economic Order Quantity, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.
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