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  • CH 5

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    Bisma Muhammad
    8 views17 pages
    1. The document contains parameters for calculating inventory order quantities, costs, and cycle times. It includes parameters like demand, lead times, costs, and safety stock. 2. Iterative calculations are shown to determine the optimal order quantity and reorder point. The optimal solution is reported along with the fill rate and other metrics. 3. Additional information provided includes total annual costs, time between orders, and the proportion of cycles with no stockouts.

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    Original Title

    Ch.5 (1)

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    1. The document contains parameters for calculating inventory order quantities, costs, and cycle times. It includes parameters like demand, lead times, costs, and safety stock. 2. Iterative calculations are shown to determine the optimal order quantity and reorder point. The optimal solution is reported along with the fill rate and other metrics. 3. Additional information provided includes total annual costs, time between orders, and the proportion of cycles with no stockouts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views17 pages

    CH 5

    Uploaded by

    Bisma Muhammad
    1. The document contains parameters for calculating inventory order quantities, costs, and cycle times. It includes parameters like demand, lead times, costs, and safety stock. 2. Iterative calculations are shown to determine the optimal order quantity and reorder point. The optimal solution is reported along with the fill rate and other metrics. 3. Additional information provided includes total annual costs, time between orders, and the proportion of cycles with no stockouts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 17

    Parameters

    E(demand)
    Penalty
    Interest rate
    C
    K
    Lead Time
    We need To convert Tao to yr as per your demand

    STD Dev per lead time


    Mean per lead time

    Step 1
    h

    Safety Stock

    H.C
    O.C
    P.C

    2. Total Cost

    3. Time between Orders

    4. The proportion of order Cycles in which no stock-occurs


    200 per yr
    25 per jar
    0.2 yr
    10 $
    50 $/order
    6 mnth
    0.5 yr

    25 mean
    100 STD

    2 $/unit/period

    42 Jars

    195 $/yr/unit
    90.09 $/yr/unit
    20.61 $/yr/unit

    305.70 $/yr/unit

    0.555 yrs

    it is my 1-F ( R ) at my optimal Solution 96%


    itr Q(1) R [4]
    0 100 143.00
    1 110 142.00
    2 111
    100

    1 Answer (Q,R) = (111,142)


    WE STOP AFTER ITR 2 is close to ITR 1 (Q)
    1-F( R ) [2] Z[3] L(Z) [5] N( R ) [6]
    0.04 1.75 0.0162 0.405
    0.044 1.71 0.0183 0.458
    0.0444
    0.04
    Parameters
    E(demand)
    Penalty
    Interest rate
    C
    K
    Lead Time
    We need To convert Tao to yr as per your demand

    Mean per lead time


    STD Dev per lead time

    Step 1
    h

    Safety Stock

    H.C
    O.C
    P.C

    2. Total Cost

    3. Time between Orders

    4. The proportion of order Cycles in which no stock-occurs


    3360 per yr
    12.8 per jar
    0.28 yr
    1.5 $
    15 $/order
    5 mnth
    0.42 yr

    1400 mean
    172.177234267484 STD

    0.42 $/unit/period

    440 Jars

    299.88 $/yr/unit
    91.97 $/yr/unit
    22.97 $/yr/unit

    414.82 $/yr/unit

    0.163 yrs

    it is my 1-F ( R ) at my optimal Solution 99%


    itr Q(1)
    0 490
    1 542
    548

    1 Answer
    WE STOP AFTER ITR 2 is close to ITR 1 (Q)
    R [4] 1-F( R ) [2] Z[3] L(Z) [5]
    1846.00 0.00478516 2.59 0.0015
    1840.00 0.00529296875 2.56 0.0017

    (Q,R) = (82,114)
    TER ITR 2 is close to ITR 1 (Q)
    N( R ) [6]
    0.258
    0.293
    Parameters
    E(demand)
    Penalty
    Interest rate
    C
    K
    Lead Time
    We need To convert Tao to yr as per your demand

    STD Dev per lead time


    Mean per lead time

    Step 1
    h

    Safety Stock

    H.C
    O.C
    P.C

    2. Total Cost

    3. Time between Orders

    4. The proportion of order Cycles in which no stock-occurs


    3360 per yr
    12.8 per jar
    0.28 yr
    1.5 $
    100 $/order
    5 mnth
    0.416666666666667 yr

    172.18
    1400

    0.42 $/unit/period

    383 Jars

    439.53 $/yr/unit
    253.20 $/yr/unit
    25.11 $/yr/unit

    717.84 $/yr/unit

    0.395 yrs

    it is my 1-F ( R ) at my optimal Solution 96%


    itr Q(1) R [4]
    0 1265 1786.00
    1 1323 1783.00
    2 1327

    1 Answer (Q,R) = (1327,1783)


    WE STOP AFTER ITR 2 is close to ITR 1 (Q)
    1-F( R ) [2] Z[3] L(Z) [5] N( R ) [6]
    0.012353515625 2.25 0.0042 0.723
    0.012919921875 2.23 0.0045 0.775
    Parameters
    E(demand)
    Penalty
    Interest rate
    C
    K
    Lead Time
    We need To convert Tao to yr as per your demand

    STD Dev per lead time


    Mean per lead time

    Step 1
    h

    Safety Stock

    H.C
    O.C
    P.C

    2. Total Cost

    3. Time between Orders

    4. The proportion of order Cycles in which no stock-occurs


    456 per yr
    400 per jar
    0.4 yr
    18.8 $
    75 $/order
    3 wks
    0.0576923076923077 yr

    8.89960
    26.3076923076923

    7.52 $/unit/period

    22.6923076923077 Jars

    542.886153846154 $/yr/unit
    345.45 $/yr/unit
    19.68 $/yr/unit

    908.02 $/yr/unit

    0.217 yrs

    it is my 1-F ( R ) at my optimal Solution 96%


    itr Q(1) R [4]
    0 96 49.00
    1 99 49.00
    2 99

    1 Answer (Q,R) = (99,49)


    WE STOP AFTER ITR 2 is close to ITR 1 (Q)
    1-F( R ) [2] Z[3] L(Z) [5] N( R ) [6]
    0.003957894737 2.66 0.0012 0.011
    0.004081578947 2.65 0.0012 0.011

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