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Lecture example 1: Finding optimal order & Annual cost (Ordering Paper For MetroBank)
- What is the Q*?
- What is the Total annual cost?
- What is # of orders per year?
- What is time between set-up (Cycle time)?
- If we know the cycle time and Q*, what does the solution tell us?
Solution
What happens if we change the order quantity to 600?
Very little change in Total Costs, but perhaps more convenient
Lecture example 2: Finding optimal order & Annual cost(Bart’s Barometer Business)
- What is the Q*?
- What is the Total annual cost?
- What is # of orders per year?
- What is time between set-up (Cycle time)?
- If we know the cycle time and Q*, what does the solution tell us?
Solution
Lecture example 2: Lead time change variation (Bart’s Barometer Business)
Solution
Lecture example 3: EOQ with Planned Shortages With backorder!(Hervis Rent-a-Car)
Solution
How many days after receiving an order does Hervis run out of engines? How long is Hervis without any engines per cycle?
Lecture example 4: EOQ with Quantity Discounts (Nick’s Camera Shop)
Compared to the total cost of all three models, which one should Nick choose?
Solution
Lecture example 5: Economic Production Lot Size
What are the Q*, Total annual cost, # of production run per year?
What are the total annual variable cost?
Q1: Finding optimal order & Annual cost
Solution
Solution for excel
Q2: EOQ with Quantity Discounts (題型：Range)
Solution
Solution (2a) for excel
Solution (2b) for excel
Q3: Finding optimal order & Annual cost
Solution
Solution for excel
Q4: EOQ with Planned Shortages With backorder
Solution
Solution for excel
Q5: Economic Production Lot Size
Solution
Textbook: Quantity Discounts for the EOQ Model (題型：Range)
Solution
Textbook: Economic Production Lot Size (題型：Range)
Solution (formula might be diff from slides)
What does the lots size and cycle time tell us?
Textbook: EOQ with Planned Shortages With backorder (formula might be diff from slides)
What is the maximum number of backorders?
What is the total annual cost?
What is the cycle time?
Solution (formula might be diff from slides)
- Author:Jason Siu
- URL:https://jason-siu.com/article%2Fdde719c0-aee7-441a-998f-8d042be95676
- Copyright:All articles in this blog, except for special statements, adopt BY-NC-SA agreement. Please indicate the source!
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