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Charles Fourier, a utopian socialist, envisioned mathematically precise communities called "phalanxes" and also urged
Demand Increase
A rise in the quantity of a product or service that consumers are willing and able to purchase at a given price.
Order Quantity
Order quantity is the specific number of units requested or purchased in a single order, often considered in inventory and supply chain management.
Economic Order Quantity
A calculation used to determine the optimal order quantity that minimizes the total costs associated with inventory, including holding and ordering costs.
Setup Cost
The expenses incurred to prepare or configure a production process, machine, or system for a particular operation or job.
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