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Home > QFINANCE Dictionary > Definition of economic batch quantity

Definition of

economic batch quantity

Operations & Production

size cheapest and easiest to produce the optimum batch size for the manufacture of an item or component, at the lowest cost. The batch size is a tradeoff between unit costs that increase with batch size and those that decrease. The point of lowest combined or total cost indicates the most economic batch size for production.

Related definitions of "economic batch quantity"

Definitions of ’economic batch quantity’ and meaning of ’economic batch quantity’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’economic batch quantity’ and other financial terms with our online QFINANCE Financial Dictionary.

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