economic order quantity

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economic order quantity

[‚ek·ə′näm·ik ′ȯr·dər ‚kwän·ə·dē]
(industrial engineering)
The number of orders required to fulfill the economic lot size.
References in periodicals archive ?
The basic Economic Order Quantity Model (EOQ) will determine the production set up costs for each product model.
Independent demand is discussed and variations of the economic order quantity model are illustrated.
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