The economic lot size is the fixed amount to order,whereas the economic order quantity is the fixed amount to produce whenever the order point is reached.

Name: The economic lot size is the fixed amount to order,whereas the economic order quantity is the fixed amount to produce whenever the order point is reached.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The economic order quantity is the fixed amount to order, whereas the economic production quantity is the fixed amount to produce whenever the order point is reached.

The Economic Lot Size Is the Fixed Amount to Order,whereas