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Presentation  On Economic order quantity ‘ EOQ’ 06/28/11 XIDAS, Jabalpur
Team members ,[object Object],[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Inventory ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Inventory cost ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Inventory management & control ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Inventory control Techniques ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
What is EOQ ? ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Definition of EOQ ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
EOQ Models ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Assumption of the  EOQ Models ,[object Object],[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
‘ Q’ Model of EOQ ,[object Object],06/28/11 XIDAS, Jabalpur
Graphic presentation of ‘Q’ Model 06/28/11 XIDAS, Jabalpur E O Q RE-ORDER LEVEL BUFFER STOCK MAXIMUM LEVEL MINIMUM LEVEL E G I N V E N T O R Y TIME PERIOD K A B C D
Mathematical method of EOQ ,[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Mathematical formula of ‘Q’ Model ,[object Object],[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur EOQ = Square Root of 2AP/S
Example:  Q. Calculate the economic order quantity if annual demand for the product is 5,000 unit. The ordering cost is Rs 30 per order and holding cost is Rs 6/- per unit per annual. Sol:-  Given R=5000 unit Cp= Rs. 30 Ch=Rs. 6 Now,  _____ EOQ = J ( 2RCp/ CH) _____ =  J(2*5000*30/6) ______ = J 5000  = 224 or 22.5 units.   06/28/11 XIDAS, Jabalpur
Merits of ‘Q’ system ,[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Demerits of ‘Q’ system ,[object Object],[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
‘ P’ model of EOQ ,[object Object],[object Object],06/28/11 XIDAS, Jabalpur
06/28/11 XIDAS, Jabalpur Graphical Presentation of ‘P’ Model Q U A L I T Y UNITS OF STOCK Replenishment level R1 15 days Y1 Y2 Y3 R3 R1 G S3 R2 S2 S1 S2 R2 R3 S3
Merits of P model ,[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
Demerits of ‘P’ model ,[object Object],[object Object],[object Object],06/28/11 XIDAS, Jabalpur
THANK YOU 06/28/11 XIDAS, Jabalpur

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Economicorderquality eoq-090228222456-phpapp01

  • 1. Presentation On Economic order quantity ‘ EOQ’ 06/28/11 XIDAS, Jabalpur
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. Graphic presentation of ‘Q’ Model 06/28/11 XIDAS, Jabalpur E O Q RE-ORDER LEVEL BUFFER STOCK MAXIMUM LEVEL MINIMUM LEVEL E G I N V E N T O R Y TIME PERIOD K A B C D
  • 13.
  • 14.
  • 15. Example: Q. Calculate the economic order quantity if annual demand for the product is 5,000 unit. The ordering cost is Rs 30 per order and holding cost is Rs 6/- per unit per annual. Sol:- Given R=5000 unit Cp= Rs. 30 Ch=Rs. 6 Now, _____ EOQ = J ( 2RCp/ CH) _____ = J(2*5000*30/6) ______ = J 5000 = 224 or 22.5 units. 06/28/11 XIDAS, Jabalpur
  • 16.
  • 17.
  • 18.
  • 19. 06/28/11 XIDAS, Jabalpur Graphical Presentation of ‘P’ Model Q U A L I T Y UNITS OF STOCK Replenishment level R1 15 days Y1 Y2 Y3 R3 R1 G S3 R2 S2 S1 S2 R2 R3 S3
  • 20.
  • 21.
  • 22. THANK YOU 06/28/11 XIDAS, Jabalpur

Notes de l'éditeur

  1. EOQ XIDAS, Jabalpur
  2. EOQ XIDAS, Jabalpur
  3. EOQ XIDAS, Jabalpur