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Thumbnail for 9. Cost Accounting - Economic Order Quantity (EOQ)Complete Concept

9. Cost Accounting - Economic Order Quantity (EOQ)Complete Concept

Devika's Commerce & Management Academy

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Brief summary

Economic Order Quantity (EOQ) explains how to determine the optimal order size that minimizes total inventory costs (balancing ordering and carrying costs) using the formula √(2CO/I), ensuring neither stock shortages nor excess capital blockage.

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