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Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
Economic order quantity. Economic order quantity ( EOQ ), also known as financial purchase quantity or economic buying quantity, [citation needed] is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.
Open market operation. In macroeconomics, an open market operation ( OMO) is an activity by a central bank to exchange liquidity in its currency with a bank or a group of banks. The central bank can either transact government bonds and other financial assets in the open market or enter into a repo or secured lending transaction with a ...
Minimum age is 17. Minimum age is 16. No regulation/no age set. The smoking age is the minimum legal age required to purchase or use tobacco or cannabis products. Most countries have laws that forbid sale of tobacco products to persons younger than certain ages, usually the age of majority .
Maximum and minimum. Local and global maxima and minima for cos (3π x )/ x, 0.1≤ x ≤1.1. In mathematical analysis, the maximum and minimum [a] of a function are, respectively, the largest and smallest value taken by the function. Known generically as extremum, [b] they may be defined either within a given range (the local or relative ...
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