economic-order-quantity

When the user wants to calculate optimal order quantities, minimize total inventory costs using EOQ models, or determine the economic lot size. Also use when the user mentions "EOQ," "Wilson formula," "economic lot size," "order quantity optimization," "production batch size," "quantity discounts," "EPQ" (Economic Production Quantity), "backorder models," or "reorder point calculations." For multi-echelon systems, see multi-echelon-inventory. For stochastic models, see stochastic-inventory-models.