The economic order quantity (EOQ) lot-sizing technique uses the "square root formula" to balance setup cost, carrying cost, and cost of stockouts.

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The EOQ lot-sizing technique uses a formula that calculates the optimal quantity of inventory to order based on setup cost and carrying cost, but does not take into account the cost of stockouts. There is no specific "square root formula" used in EOQ calculations.

The Economic Order Quantity (EOQ) Lot-Sizing Technique Uses the "Square