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Oct 8, 2022 03:44 AM

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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/dde719c0-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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