COURSE : INDUSTRIAL ENGINEERING LESSON: ECONOMIC ORDER QUANTITY
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DETERMINISTIC MODELS A) Economic order Quantity (EOQ) or Harris Wilson Model Avescae Level Level Example T-So do
ECONOMIC ORDER QUANTITY (EOQ) OR HARR S WILSON MODEL Cost Osdea Anuual Puase CostD.c. Annual rekening cost= units or) C. set up cost or oedeho an Holding Cost of one, u
ECONOMIC ORDER QUANTITY (EOQ) OR HARR S WILSON MODEL Avrnual Holding Cost: G, At EOa Total Aaat Cost Ondeing costHoldg Cosb coR is e have not tasen D. because. Cost Total wexhooy Total CTS Osde Cost
ECONOMIC ORDER QUANTITY (EOQ) OR HARR S WILSON MODEL It is defined as the ratio of total inventory cost at any pointlminimum inventory cost according to EOO TIc (a) TIC (a) TIC k can be '9 1.2,1.3 ..
FORMULAE L. Re-order Level: If LT is the lead time in days and 'd' is the demand/rate. Then re-orderlevel is 2.Optimal No. of orderslyear oYolex/y 3.Optimal Time between 2 successive orders:* 4. Holding cost when holding rate is given in percentage of unit purchase price:
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