Economic Order Quantity...
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ECONOMICS
Inventory Management
Economic Order Quantity (EOQ)
K. Andler contributed to refining the classic Economic Order Quantity model for inventory management
31 Jan 2026
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What is the primary purpose of the Economic Order Quantity (EOQ) model in inventory management?
To maximize the total quantity of inventory ordered at once
To minimize the combined costs of ordering and holding inventory
To eliminate all inventory holding costs completely
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