eoq {inventorize}

eoq

Description

economic order quantity.

Usage

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

Arguments

annualdemand

numeric,annual demand of the SKU.

orderingcost

numeric ordeing cost of the SKU

purchasecost

,numeric, purchase cost per item

holdingrate

numeric holding rate per item per year.

na.rm

A logical indicating whether missing values should be removed

Value

the eoq,cycle stock time in years and cycle stock time in weeks.

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

eoq(annualdemand=5000,orderingcost=400,purchasecost=140,holdingrate=0.2,na.rm=TRUE)