TQpractical {inventorize}

TQpractical

Description

Identyfing Practical ordering quantity based on the economic order quantity.it is assumed that practical order quantity will be always withing 6

Usage

TQpractical(
  annualdemand,
  orderingcost,
  purchasecost,
  holdingrate,
  na.rm = TRUE
)

Arguments

annualdemand

numeric annual demand of the SKU.

orderingcost

numeric ordering cost of the SKU.

purchasecost

numeric purchase cost of the SKU.

holdingrate

numeric holding rate of the SKU.

na.rm

logical, TRUE.

Value

a dataframe that contains the economic order quantity and the practical order quantity, Tstar (optimum)and Tpractical which is always away from the optimum up to 6

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: <[e-mail]>"

Examples

TQpractical(annualdemand=1000,orderingcost=100,
purchasecost=72,holdingrate=0.25,na.rm=TRUE)