The supposedly economic lot sizes

Yet another unfortunate cause of excessive inventory is the wide-spread incorrect interpretation of economic lot sizes. These are the quantities which are requested 

Which lot sizes are considered ideal from an economic point of view  

The business economist usually asks Which costs are created by a lot This is a major error the preproduction costs cause the lot sizes to skyrocket unjustifiably. You will see why in the next chapter. 

Only four dominant influencing factors enter into the economic lot size  

You will find each of these variables in every lot size formula, e.g. in Andler s outdated, but simple lot size formula  

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