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Mechanical Engineering · Q253

Industrial Engineering And Production Management

Engineering and GATE · Mechanical Engineering · question 253

Q253

In inventory control, the economic order quantity is the

A.
Optimum lot size
Answer
B.
Highest level of inventory
C.
Lot corresponding to break-even point
D.
Capability of a plant to produce

Answer: Option A

Solution

Answer: Option A
Solution:
In inventory control, the economic order quantity is the optimum lot size.
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