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Fundamentally, Economic Order Quantity (EOQ) is a mathematical model used to ascertain the optimal order quantity that minimizes total inventory costs. Conceived in the early 20th century by Ford W. Harris and later refined by R. H. Wilson, EOQ serves as a framework for balancing the costs of holding inventory against those of ordering and shortages.

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  • https://www.tagsamurai.com/
  • Seller (Jewellery)
  • 01-03-98
  • Working at TAG Samurai
  • Living in Indonesia
  • Located in Indonesia

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