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Economic Order Quantity
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This lesson throws light on economic order quantity.

Harshit Aggarwal
Cleared UPSC ESE twice with Rank 63 and 90 in mechanical engg. Got 99 percentile in GATE. Cracked ONGC, BHEL,ISRO, SAIL, GAIL successfully

U
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Thanks sir😊
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Pawan Pandey
8 months ago
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1. COURSE : INDUSTRIAL ENGINEERING LESSON: ECONOMIC ORDER QUANTITY

2. ABOUT ME Graduated from NIT Nagpur in 2008 Cleared Engineering Services Examination (ESE-UPSC) Exam & Got the offer letter from most of the Maharatna and Navratna Companies * Cleared GATE Exam Rate, Review, Recommend, Share Follow me on Unacademy at: https://unacademy.in/user/harsh.t aggarwal

3. DETERMINISTIC MODELS A) Economic order Quantity (EOQ) or Harris Wilson Model Avescae Level Level Example T-So do

4. 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

5. 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

6. 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 ..

7. 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:

8. THANK YOU