Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 52 views

    HOMEWORK W5 - Uyên

    Uploaded by

    Uyên Trịnh
    The document compares two inventory policies: 1) The basic EOQ model with current decision of Q=1000, S=10 and new decision of Q_new=245, S_new=20. 2) The EOQ model with planned shortages with current decision of Q=1000, S=10 and new decision of Q_new=267, S_new=141. The EOQ model with planned shortages has a higher order quantity, maximum shortage, and total variable cost compared to the basic EOQ model.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    HOMEWORK W5 - Uyên

    Uploaded by

    Uyên Trịnh
    52 views6 pages
    The document compares two inventory policies: 1) The basic EOQ model with current decision of Q=1000, S=10 and new decision of Q_new=245, S_new=20. 2) The EOQ model with planned shortages with current decision of Q=1000, S=10 and new decision of Q_new=267, S_new=141. The EOQ model with planned shortages has a higher order quantity, maximum shortage, and total variable cost compared to the basic EOQ model.

    Original Title

    HOMEWORK W5_Uyên

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document compares two inventory policies: 1) The basic EOQ model with current decision of Q=1000, S=10 and new decision of Q_new=245, S_new=20. 2) The EOQ model with planned shortages with current decision of Q=1000, S=10 and new decision of Q_new=267, S_new=141. The EOQ model with planned shortages has a higher order quantity, maximum shortage, and total variable cost compared to the basic EOQ model.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    52 views6 pages

    HOMEWORK W5 - Uyên

    Uploaded by

    Uyên Trịnh
    The document compares two inventory policies: 1) The basic EOQ model with current decision of Q=1000, S=10 and new decision of Q_new=245, S_new=20. 2) The EOQ model with planned shortages with current decision of Q=1000, S=10 and new decision of Q_new=267, S_new=141. The EOQ model with planned shortages has a higher order quantity, maximum shortage, and total variable cost compared to the basic EOQ model.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Case 1: a) the basic EOQ model

    Data
    D= 3000 (demand/year)
    K= 200 (setup cost)
    h= 20 (unit holding cost)
    c= 70 (unit shortage cost)

    Current Decision
    Q= 1000 (order quantity)
    S= 10 (maximum shortage)

    New Decision
    Q_new = 245
    S_new = 20

    b) the EOQ model with planned

    Annual Setup
    Data Cost

    D= 3000 (demand/year)
    Annual Holding
    Cost

    K= 200 (setup cost)


    Annual Shortage
    Cost

    h= 20 (unit holding cost)


    Total Variable Cost
    c= 70 (unit shortage cost)
    p= 30

    Current Decision
    Q= 1000 (order quantity)
    S= 10 (maximum shortage)

    New Decision
    Q_new = 267
    S_new = 141

    c)

    Compare the 2 inventory policies from parts a and b. Câu c)


    Order quantity
    Maximum shortage
    Maximum inventory level
    Reorder point
    Annual setup cost
    Annual Holiding cost
    Annual shortage cost
    Total Variable Cost
    Result New Result
    Annual Setup Cost 600 2449.5
    Annual Holding Cost 10000 2449.5
    Total Variable Cost 10600 4899.0

    Result New Result

    600 2244

    9801 1122.0

    1.5 1122.0

    10402.5 4488

    EOQ model with


    Basic EOQ
    planned
    model
    shortages

    245 267
    um shortage 0 0
    um inventory level 225 126
    0 0
    2449.5 1122
    Holiding cost 2449.5 1122
    shortage cost
    Total Variable Cost 4899.0 4488
    EOQ model for Color View
    Data Annual Setup Cost
    demand/ Annual Holding Cost
    D = 6000 year

    K = 7500 setup cost Total Variable Cost


    PR = 24000 Product on rate
    h = 120 Number of discount categories

    Current Decision
    Q= 1000 (order quantity)
    S= 10 (maximum shortage)

    New Decision
    Q_new = 1000
    S_new = 20
    Result New Result
    45000 44999.8

    60000 45000.2

    105000 90000.0

    You might also like