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Economic Order Quantity
The ideal order size that minimizes the total costs associated with ordering and holding inventory.
Carrying Costs
Expenses associated with holding inventory, including storage, insurance, taxes, and opportunity costs.
Inventory Costs
Expenses associated with the purchase and maintenance of goods for sale, including storage, managing, and insurance costs.
Order Size
The quantity of assets bought or sold in financial markets, determining the scale of a trade.
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