Economic order quantity with annual demand = 1200, ordering cost = 100, holding cost = 6.
How it was worked out
- Economic order quantity (EOQ)Q^* = \sqrt{\frac{2DS}{H}},\quad TC^* = \sqrt{2DSH}with
demand = 1200, order_cost = 100, holding_cost = 6→Q = 200, orders_per_year = 6, cycle_time = 0.1666666667, ordering_cost = 600, holding_cost_per_year = 600, total_cost = 1200
$ industrial-engineering solve ie_eoq demand=1200 order_cost=100 holding_cost=6
Q = 200
orders_per_year = 6
cycle_time = 0.1666666667
ordering_cost = 600
holding_cost_per_year = 600
total_cost = 1200
by: Economic order quantity (EOQ) (Q* = sqrt(2 D S / H); TC = D S / Q + H Q / 2 = sqrt(2 D S H))
demand = 1200
order_cost = 100
holding_cost = 6
assumes: demand > 0; order_cost > 0; holding_cost > 0 (per unit per year)import industrial_engineering_ai999x as m
a = m.ask("Economic order quantity with annual demand = 1200, ordering cost = 100, holding cost = 6.")
print(a.values or (a.value, a.unit))Opens this capability’s form with the example filled in; change any input and press Compute.