The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and ...

The economic order quantity, or EOQ, is the optimal number of units a business should purchase when replenishing inventory while minimizing inventory costs that could eat into profit margins.

The EOQ model assumes steady demand of a business product and immediate availability of items to be re-stocked. It does not account for seasonal or economic fluctuations.

Learn what Economic Order Quantity (EOQ) is and how it minimizes inventory costs. Discover its significance in maintaining optimal inventory levels and controlling cash flow.

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S. Bose, A. Goswami, K. S. Chaudhuri, An EOQ Model for Deteriorating Items with Linear Time-Dependent Demand Rate and Shortages under Inflation and Time Discounting, The Journal of the Operational ...