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 ?
JA, "Economic Order Quantities with Inflation" Operation Research Quarterly.
Buzacott, Economic order quantities with inflation, Operational Research Quarterly, 26(1975), 553-558.
The number and size of options will likely depend on several factors, such as low rate initial production (LRIP) quantities and economic order quantities. However, contracts should be broken down into options that allow the PM to buy the lowest number of systems reasonable without driving up costs.
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