EOQ with no stockout and backorder EOQ with gradual replenishment

Cost of item 120000 rs/unit Cost of item 720 rs/unit

Rate of replenishment (P) 21600
Demand (D) 60 bolts/year Demand (D) 4320 bolts/year
days in year 365 days days in year 360 days
holding cost (Ch) 36000 rs holding cost (Ch) 108 rs
order cost (Co) 7500 rs order cost (Co) 676 rs

EOQ 5 units EOQ 260 units

Ch* 90000 rs Ch* 11232 rs
Co* 90000 rs Co* 11232 rs
Inventory cost (C*) 180000 rs Inventory cost (C*) 22464 rs
Time b/w orders (T) 30.41667 days Time b/w orders (T) 21.66667 days
No. of orders 12 in the year No. of orders 16.61538 in a year
Qact 600 Qmax 208
Co 750 Qavg 104
Ch 10800000
C 10800750
% less cost 0.983334
EOQ with backorder

Cost of item 120000 rs/unit

backorder cost (Cb) 3000
Demand (D) 1000 bolts/year
days in year 365 days
holding cost (Ch) 9000 rs
order cost (Co) 648 rs

EOQ 24 units
Ch*(annual holding costs) 6750 rs
Co*(annual ordering cost) 27000 rs
Inventory cost (C*) 54000 rs
Time b/w orders (T) 8.76 days
No. of orders 41.66667 in a year
Qmax 6
Qavg 0.75
Bmax 18
p*(proportion backlog time) 0.75
Cb*(annual backordering cost) 20250
Tb*(Time for backlog something) 6.57 days
Ti*(1-p multiply waala) 2.19 days
Bavg 6.75
 Cost 10 /unit Mu-L 6
Mean 6 units/day Mu-D 15
Varience 1 Sigma-L 2
Lead time 3 days Sigma-D 2.2
Working time 324 days/yr
holding cost 3 /unit/yr Mu-LD 90
Order cost 100 /order Sigma-LD 929.04
Periodic Continuous
a EOQ 360.00 EOQ 360
b R 60.00 Mu-LD 18
c P 63.00 Sigma-LD 1.732051
d meanPD 378.00 r* 21.5572
SD-PD 7.94 s 3.557197
T 394.30 % stockout 2%
Safety stock 16.30 Time b/w orders 60
e T 394.30
f ravg 34.30
Single period inventory Demand 1500
Cost 30 mu 1600
Selling Price 60 sigma 60
Salvage 10 Service Level 0.04779
Cs 30 Cost 120
Ce 20 SP 200
Stockout probability 0.4 Salvage 0
optimum SL*(service level 0.6 Cs 80
Ce 120
Stockout probability 0.6
optimum SL* 0.98
optimal order 1723.225
Demand
Probability
Cumulative 0 0 0 0 0 0 0
0 0 0
 Call load
Location X Y
proportion

10

11

12

13

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