Discontinued App

EOQ Quick

EOQ Quick is an easy-to-use Economic Order Quantity (EOQ) Calculator that also gives you the cost associated with the optimal ordering quantity. It serves ...

Discontinued App

Description

EOQ Quick is an easy-to-use Economic Order Quantity (EOQ) Calculator that also gives you the cost associated with the optimal ordering quantity. It serves as a great tool whether you are a student of OR, or in the business of replenishment, requiring snap access to the calculation. It calculates EOQ using the Basic EOQ Model, which is formulated as: EOQ = Sqrt((2 * Demand per unit time * Setup Cost for Ordering one batch) / Holding Cost per unit per unit of time)) Optimal Cost = EOQ * Holding Cost per unit per unit time For calculating the optimal order quantity, the following assumptions are made: a) Constant demand rate of D units per unit of time b) Order Quantity Q arrives all at once just when desired, namely, when the inventory drops to zero c) Constant lead time

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Technical specifications

Version: 1.0

Size: 134.33 KB

System:

Price: 1,79 €

Developed by Timestar Services, LLC

Day of release: 0000-00-0

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