economic order quantity

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Related to EOQ formula: EOQ Model

Economic order quantity (EOQ)

The order quantity that minimizes total inventory costs.
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Economic Order Quantity

The number of orders a brokerage receives and must fill that minimizes its obligation to keep inventory. The economic order quantity reduces the brokerage's costs to the least possible level.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

economic order quantity

see STOCKHOLDING ( INVENTORY) COSTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005