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  • CH 11 EOQ

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    Oscar Mena
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    The document provides the results of an economic order quantity (EOQ) model. The model calculates that the optimal order quantity is 346.41 units, with a reorder point of 207.18 units. The total cost per unit time is $17.32. The optimal inventory policy is to order 346.41 units whenever the inventory level drops to 207.18 units.

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    ch11EOQ.xls

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    The document provides the results of an economic order quantity (EOQ) model. The model calculates that the optimal order quantity is 346.41 units, with a reorder point of 207.18 units. The total cost per unit time is $17.32. The optimal inventory policy is to order 346.41 units whenever the inventory level drops to 207.18 units.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    73 views2 pages

    CH 11 EOQ

    Uploaded by

    Oscar Mena
    The document provides the results of an economic order quantity (EOQ) model. The model calculates that the optimal order quantity is 346.41 units, with a reorder point of 207.18 units. The total cost per unit time is $17.32. The optimal inventory policy is to order 346.41 units whenever the inventory level drops to 207.18 units.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    of 2

    Generalized Economic Order Quantity (EOQ)

    Input data: Enter -1 in column C if data element is not applicable to your model
    Item cost, c1 = -1
    Qty discount limit, q = -1
    Item cost, c2 = -1
    Setup cost, K = 100
    Demand rate, D = 30
    Production rate, a = -1
    Unit holding cost, h = 0.05
    Unit penalty cost, p = -1
    Lead time, L = 30
    Model output results:
    Order qty, y* = 346.41
    Shortage qty, w* = 0.00
    Reorder point, R = 207.18
    TCU(y*) = 17.32
    Purchase/prod. Cost = 0.00
    Setup cost/unit time = 8.66
    Holding cost /unit time = 8.66
    shortage cost/unit time = 0.00
    Optimal inventory policy: Order 346.41 units whenever level drops to 207.18 units
    Model intermediate calculations:
    ym = 346.41
    TCU1(ym)= Not applicable
    Q-equation: Not applicable
    Q= Not applicable
    cycle length, t0 = 11.55
    Optimization zone = Not applicable
    Effectice lead time, Le = 6.91

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