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Economic order quantity (EOQ) |
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Economic order quantity (EOQ)The order quantity that minimizes total inventory costs.Economic order quantity (EOQ) Similar MatchesQuantity riskQuantity riskOccurs when the quantity of an asset to be hedged is uncertain. Quantity quotaQuantity quotaA quota specifying quantity, in units, weight, volume, etc. of a good. Quantity definitionQuantity definitionA method of defining relative factor abundance based on ratios of factor quantities: Compared to country B, country A is abundant in factor X relative to factor Y iff XA/YA > XB/YB, where IJ is the quantity of factor I with which country J is endowed, I=X,Y, J=A,B. Quantity Survey MethodQuantity Survey MethodAlso called "price take-off" method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs. |
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