ShinyWebApplication
Prahlad
March 23, 2020
Introduction -EOQ
Application for optimizing EOQ
Output Generated
EOQ (Q)
Total Ordering Costs
Total Storing Cost
Inputs Required
D: annual quantity demanded
S: ordering cost
H: holding cost per unit
Interactive Input-Output
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Economic Order Quantity
Entr the Annual Quantity required:
Enter the Ordering Cost per order:
Enter the Holding Cost :
Submit
Economic Order Quantity is:
No of orders per year:
Annual Ordering Cost :
Annual Holding Cost :
Total Cost :
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Inventory Planning & Management
As the Ordering Quantity Q goes up - the ordeing cost comes down
Invenory holding cost will go up
Formulas Used
EOQ = sqrt(2*S*D/H)
Total No of orders = D/Q
Annual Ordering Cost = D*S/Q
Annual Holding Cost = Q*H/2
Annual Total Cost = (D*S/Q)+(Q*H/2)
Thank you