EOQ: EOQ model

In sidoruvigo/EOQd: EOQ Model With and Without Discounts

Description

This functions provides the results of the well-known deterministic EOQ (Economic Order Quantity model)

Usage

EOQ(l, k, I, C)

Arguments

l	Demand (per unit of time).
k	Preparation cost (per order).
I	Storage cost (per article).
C	Cost of goods (per item).

Details

This function implements the basic deterministic EOQ (Economic Order Quantity) model.

Value

A list containing:

• Q: Optimal order quantity.

• Z: Total cost.

• T: Cycle length.

• N: Number of orders.

Assumptions

• Order arrives instantly.

• No stockout.

• Constant rate of demand.

Author(s)

Jos<c3><a9> Carlos Soage Gonz<c3><a1>lez [e-mail]

Examples

l <- 520  # Demand
k <- 10   # Preparation cost
I <- 0.2  # Storage cost per article
C <- 5    # Cost of goods per item

dat <- EOQ(l = l, k = k, I = I, C = C)
dat
plot(dat)

sidoruvigo/EOQd documentation built on May 16, 2019, 11:13 p.m.