CSOE {inventorize} | R Documentation |
CSOE
Description
Cost per stockout event
Usage
CSOE(
quantity,
demand,
standerddeviation,
leadtimeinweeks,
cost,
costSoe,
holdingrate,
na.rm = TRUE
)
Arguments
quantity |
numeric,quantity replinished every cycle. |
demand |
numeric,annual Expected demand of the SKU . |
standerddeviation |
numeric, standard deviation of the SKU during season. |
leadtimeinweeks |
numeric,leadtime in weeks of order. |
cost |
numeric,cost of item. |
costSoe |
numeric, estimated cost per stockout event. |
holdingrate |
numeric, holding rate per item per year,percentage. |
na.rm |
removes na values if TRUE, TRUE by default |
Details
Calculating K value that corresponds to the cost per stock out event, how much quantity should be put in stock as a minimum.the function solves for optimum K based on the stock out event. It should be noted that the condition(output) should be bigger than 1. other wise set K as per management.
Value
a dataframe that contains calculations of K and the minimum quantity to be put in stock .
Note
this is the second version of the inventorize package, all the fucntions are without any academic contribution from my side, the aim is to facilitate and ease much of the bookkeeping that is endured during stock analysis.
Author(s)
"haytham omar email: <haytham@rescaleanalytics.com>"
Examples
CSOE(quantity=1000,demand=40000,standerddeviation=200,leadtimeinweeks=3,
cost=500,costSoe=30000,holdingrate=0.2,na.rm=TRUE)