economic lot size
Definition
Quantity of material or units of a manufactured good that can be produced or purchased within the lowest unit cost range. It is determined by reconciling the decreasing unit cost of larger quantities with the associated increasing unit cost of handling, storage, insurance, interest, etc. See also odd lot and round lot.
email to a friend
print this definition
cite this definition
link to this page
economic lot size is in the Accounting & Auditing and Industries, Manufacturing, & Technology subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/economic-lot-size.html