EOQpd: EOQ model with progressive discount for amounts.

In sidoruvigo/EOQd: EOQ Model With and Without Discounts

Description

This function provides an EOQ with discounts where the discount occurs for units purchased when a certain amount is reached. When the amount of order increases, the cost price decreases in the additional units ordered, not in all units.

Usage

EOQpd(l, k, I, q, c)

Arguments

l	Demand of the product (per unit of time).
k	Preparation cost (per order).
I	Storage cost (per article).
q	Product quantities where the price changes. Vector of quantites within the discounts are applied.
c	Vector of costs of the good.

Details

This function implements the deterministic EOQ (Economic Order Quantity) model with discounts where the discount occurs for units purchased when a certain amount is reached.

Value

A list containing:

• Q: Optimal order quantity.

• Z: Total cost.

• T: Cycle length.

• N: Number of orders.

Author(s)

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

Examples

l <- 50000
k <- 10
I <- 0.25
c <- c(0.6, 0.55)
q <- c(0, 1000)
dat <- EOQpd(l = 50000, k = 10, I = 0.25, c = c, q = q)
dat

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