EOQ Calculator Total Avera

45.00
40.00
K 2 35.00
c 5 30.00

Anual Cost $
h 1 25.00
20.00
λ 100 15.00
opt. order interval 0.20 10.00

opt. order quantity 20.00 5.00

0.00
opt. average cost $20.00 0 10 20 30 40
Order Quan

Order Quantity Holding Cost Setup Cost

5 2.50 40.00
10 5.00 20.00
15 7.50 13.33
20 10.00 10.00
25 12.50 8.00
30 15.00 6.67
35 17.50 5.71
40 20.00 5.00
45 22.50 4.44
50 25.00 4.00
55 27.50 3.64
60 30.00 3.33
65 32.50 3.08
70 35.00 2.86
75 37.50 2.67
80 40.00 2.50
85 42.50 2.35
90 45.00 2.22
 95 47.50 2.11
100 50.00 2.00
105 52.50 1.90
110 55.00 1.82
115 57.50 1.74
120 60.00 1.67
125 62.50 1.60
130 65.00 1.54
135 67.50 1.48
140 70.00 1.43
145 72.50 1.38
150 75.00 1.33
155 77.50 1.29
160 80.00 1.25
165 82.50 1.21
170 85.00 1.18
175 87.50 1.14
180 90.00 1.11
185 92.50 1.08
190 95.00 1.05
195 97.50 1.03
200 100.00 1.00
205 102.50 0.98
210 105.00 0.95
215 107.50 0.93
220 110.00 0.91
225 112.50 0.89
230 115.00 0.87
235 117.50 0.85
240 120.00 0.83
245 122.50 0.82
250 125.00 0.80
255 127.50 0.78
260 130.00 0.77
265 132.50 0.75
270 135.00 0.74
275 137.50 0.73
280 140.00 0.71
285 142.50 0.70
290 145.00 0.69
295 147.50 0.68
300 150.00 0.67
 Total Average Inventory Cost
45.00
40.00
35.00
30.00
Anual Cost $

25.00 Holding Cost

20.00 Setup Cost
15.00 Total
10.00
5.00
0.00
0 10 20 30 40 50 60 70 80 90
Order Quantity (Q)

Total
42.50
25.00
20.83
20.00
20.50
21.67
23.21
25.00
26.94
29.00
31.14
33.33
35.58
37.86
40.17
42.50
44.85
47.22
 49.61
52.00
54.40
56.82
59.24
61.67
64.10
66.54
68.98
71.43
73.88
76.33
78.79
81.25
83.71
86.18
88.64
91.11
93.58
96.05
98.53
101.00
103.48
105.95
108.43
110.91
113.39
115.87
118.35
120.83
123.32
125.80
128.28
130.77
133.25
135.74
138.23
140.71
143.20
145.69
148.18
150.67
EPQ Calculator
Total Avera
45.00
K 2 40.00
c 5 35.00
30.00

Anual Cost $
h 1 25.00
λ 100 20.00
15.00
μ 100000 10.00
opt. order interval 0.20 5.00
0.00
opt. order quantity 20.01 0 10 20 30 40
opt. average cost $19.99 Order Quan

Order Quantity Holding Cost Setup Cost

5 2.50 40.00
10 5.00 20.00
15 7.49 13.33
20 9.99 10.00
25 12.49 8.00
30 14.99 6.67
35 17.48 5.71
40 19.98 5.00
45 22.48 4.44
50 24.98 4.00
55 27.47 3.64
60 29.97 3.33
65 32.47 3.08
70 34.97 2.86
75 37.46 2.67
80 39.96 2.50
85 42.46 2.35
 90 44.96 2.22
95 47.45 2.11
100 49.95 2.00
105 52.45 1.90
110 54.95 1.82
115 57.44 1.74
120 59.94 1.67
125 62.44 1.60
130 64.94 1.54
135 67.43 1.48
140 69.93 1.43
145 72.43 1.38
150 74.93 1.33
155 77.42 1.29
160 79.92 1.25
165 82.42 1.21
170 84.92 1.18
175 87.41 1.14
180 89.91 1.11
185 92.41 1.08
190 94.91 1.05
195 97.40 1.03
200 99.90 1.00
205 102.40 0.98
210 104.90 0.95
215 107.39 0.93
220 109.89 0.91
225 112.39 0.89
230 114.89 0.87
235 117.38 0.85
240 119.88 0.83
245 122.38 0.82
250 124.88 0.80
255 127.37 0.78
260 129.87 0.77
265 132.37 0.75
270 134.87 0.74
275 137.36 0.73
280 139.86 0.71
285 142.36 0.70
290 144.86 0.69
295 147.35 0.68
300 149.85 0.67
 Total Average Inventory Cost
45.00
40.00
35.00
30.00
Anual Cost $

25.00 Holding Cost

20.00 Setup Cost
15.00 Total
10.00
5.00
0.00
0 10 20 30 40 50 60 70 80 90
Order Quantity (Q)

Total
42.50
25.00
20.83
19.99
20.49
21.65
23.20
24.98
26.92
28.98
31.11
33.30
35.54
37.82
40.13
42.46
44.81
 47.18
49.56
51.95
54.35
56.76
59.18
61.61
64.04
66.47
68.91
71.36
73.81
76.26
78.71
81.17
83.63
86.09
88.56
91.02
93.49
95.96
98.43
100.90
103.37
105.85
108.32
110.80
113.28
115.75
118.23
120.71
123.19
125.68
128.16
130.64
133.12
135.61
138.09
140.57
143.06
145.54
148.03
150.52
EOQ Calculator with backorders

K 2
c 5
h 1
b 9
λ 100

optimal order interval 0.190

optimal average cost $18.97
optimal order quantity 20.00

backorder (b) optimal average cost ($)

5 346.41
6 361.81
7 374.17
8 384.31
9 392.79 480

10 400.00
11 406.20
12 411.60 460

13 416.33
14 420.53
440
15 424.26
16 427.62
17 430.64 420
18 433.39
Cost ($)

19 435.89
400

380
 420

Cost ($)
20 438.18 400

21 440.28
22 442.22
23 444.01 380

24 445.67
25 447.21
360
26 448.65
27 450.00
28 451.26 340
29 452.44 0 5

30 453.56
31 454.61
32 455.60
33 456.53
34 457.42
35 458.26
36 459.06
37 459.81
38 460.54
39 461.22
40 461.88
41 462.51
42 463.11
43 463.68
44 464.23
45 464.76
46 465.26
47 465.75
48 466.22
49 466.67
50 467.10
 Backorder vs. Cost
480

460

440

420

400

380
420

400

380

360

340
0 5 10 15 20 25 30 35 40 45 50 55

Backorder (b)
50 55
EOQ Calculator with backorders

K 2
c 5
h 1
b 9
λ 100
μ 1000

optimal order interval 0.222

optimal average cost $18.00
optimal order quantity 20.00

backorder (b) optimal average cost ($)

5 346.41
6 361.81
7 374.17
8 384.31
9 392.79
480
10 400.00
11 406.20
12 411.60 460

13 416.33
14 420.53
440
15 424.26
16 427.62
17 430.64 420
18 433.39
Cost ($)

400
 440

420

Cost ($)
19 435.89
20 438.18 400

21 440.28
22 442.22
380
23 444.01
24 445.67
25 447.21 360
26 448.65
27 450.00
28 451.26 340
0 5
29 452.44
30 453.56
31 454.61
32 455.60
33 456.53
34 457.42
35 458.26
36 459.06
37 459.81
38 460.54
39 461.22
40 461.88
41 462.51
42 463.11
43 463.68
44 464.23
45 464.76
46 465.26
47 465.75
48 466.22
49 466.67
50 467.10
 Backorder vs. Cost
480

460

440

420
Cost ($)

400
 440

420
Cost ($)

400

380

360

340
0 5 10 15 20 25 30 35 40 45

Backorder (b)
35 40 45 50 55
Reducing Setup Costs

K Average Cost Cost Reduction

100 $141.35
90 $134.10 $7.25
80 $126.43 $7.67
70 $118.26 $8.17
60 $109.49 $8.77
50 $99.95 $9.54
40 $89.40 $10.55
30 $77.42 $11.98
20 $63.21 $14.21
10 $44.70 $18.51
2 $19.99 $24.71
 Setup Cost vs. Average Cost
$160.00

$140.00

$120.00

$100.00
Cost

$80.00

$60.00

$40.00

$20.00

$0.00
0 20 40 60 80 100

Setup Cost (K)

verage Cost

60 80 100 120

ost (K)
Sensitivity Analysis

T a(T) a(T)/a(T^*)
0.05 $42.50 2.125937969
0.10 $25.00 1.250375188
0.15 $20.83 1.041812573
0.20 $19.99 1
0.25 $20.49 1.024887444
0.30 $21.65 1.083124896
0.35 $23.20 1.160419495
0.40 $24.98 1.249624812
0.45 $26.92 1.346770608
0.50 $28.98 1.449474737
0.55 $31.11 1.556221292
0.60 $33.30 1.665999666
0.65 $35.54 1.778110209
0.70 $37.82 1.892053169
0.75 $40.13 2.007462064
0.80 $42.46 2.124062031
0.85 $44.81 2.24164288
0.90 $47.18 2.360041132
0.95 $49.56 2.479127722
1.00 $51.95 2.5987994
1.05 $54.35 2.718972582
1.10 $56.76 2.83957888
1.15 $59.18 2.960561803
1.20 $61.61 3.08187427
1.25 $64.04 3.203476738
1.30 $66.47 3.325335745
1.35 $68.91 3.447422785
1.40 $71.36 3.569713428
1.45 $73.81 3.692186611
1.50 $76.26 3.814824079
 Sensitivity Analysis
400%

300%

200%
a(T)

100%

0%
0.00 0.20 0.40 0.60 0.80 1.00

T
ensitivity Analysis

a(T)

0 0.80 1.00 1.20 1.40 1.60

T
 a(T)

60