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EOQ Purchase Model with No Shortage Formula

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EOQ Purchase Model No Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant and inventory is depleted at a fixed rate until it reaches zero. Check FAQs

EOQ p = \sqrt{2 \cdot D \cdot \frac{C 0}{C c}}

EOQ_p - EOQ Purchase Model No Shortage?D - Demand per Year?C₀ - Order Cost?C_c - Carrying Cost?

EOQ Purchase Model with No Shortage Example

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Here is how the EOQ Purchase Model with No Shortage equation looks like with Values.

Here is how the EOQ Purchase Model with No Shortage equation looks like with Units.

Here is how the EOQ Purchase Model with No Shortage equation looks like.

1000 = \sqrt{2 \cdot 10000 \cdot \frac{200}{4}}

1000 = \sqrt{2 \cdot 10000 \cdot \frac{200}{4}}

1000 = \sqrt{2 \cdot 10000 \cdot \frac{200}{4}}

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EOQ Purchase Model with No Shortage Solution

Follow our step by step solution on how to calculate EOQ Purchase Model with No Shortage?

FIRST Step Consider the formula

EOQ p = \sqrt{2 \cdot D \cdot \frac{C 0}{C c}}

Next Step Substitute values of Variables

∴

EOQ p = \sqrt{2 \cdot 10000 \cdot \frac{200}{4}}

Next Step Prepare to Evaluate

∴

EOQ p = \sqrt{2 \cdot 10000 \cdot \frac{200}{4}}

LAST Step Evaluate

∴

EOQ p = 1000

EOQ Purchase Model with No Shortage Formula Elements

Variables

Functions

EOQ Purchase Model No Shortage

EOQ Purchase Model No Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant and inventory is depleted at a fixed rate until it reaches zero.

Symbol: EOQ_p

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find EOQ Purchase Model No Shortage

Demand per Year

Demand per Year is the number of goods that consumers are willing and able to purchase at various prices during a given year.

Symbol: D

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Demand per Year

Order Cost

Order Cost is the expenses incurred to create and process an order to a supplier.

Symbol: C₀

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Order Cost

Carrying Cost

Carrying Cost is the total of all expenses related to storing unsold goods, and refers to the total cost of holding inventory.

Symbol: C_c

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Carrying Cost

sqrt

A square root function is a function that takes a non-negative number as an input and returns the square root of the given input number.

Syntax: sqrt(Number)

Other formulas in Manufacturing and Purchase Model category

Go EOQ Manufacturing Model with No Shortage

EOQ m = \sqrt{\frac{2 \cdot C 0 \cdot D}{C c \cdot (1 - \frac{D}{K})}}

Go EOQ Manufacturing Model with Shortage

EOQ ms = \sqrt{2 \cdot D \cdot C 0 \cdot \frac{C s + C c}{C c \cdot C s \cdot (1 - \frac{D}{K})}}

Go Maximum Stock Out Manufacturing Model

Q 1 = \sqrt{2 \cdot D \cdot C 0 \cdot C s \cdot \frac{1 - \frac{D}{K}}{C c \cdot (C c + C s)}}

Go Maximum Inventory Purchase Model

Q purch = \sqrt{2 \cdot D \cdot \frac{C 0}{C c} \cdot (\frac{C s}{C s + C c})}

How to Evaluate EOQ Purchase Model with No Shortage?

EOQ Purchase Model with No Shortage evaluator uses EOQ Purchase Model No Shortage = sqrt(2*Demand per Year*Order Cost/Carrying Cost) to evaluate the EOQ Purchase Model No Shortage, EOQ Purchase Model with No Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant and inventory is depleted at a fixed rate until it reaches zero. EOQ Purchase Model No Shortage is denoted by EOQ_p symbol.

How to evaluate EOQ Purchase Model with No Shortage using this online evaluator? To use this online evaluator for EOQ Purchase Model with No Shortage, enter Demand per Year (D), Order Cost (C₀) & Carrying Cost (C_c) and hit the calculate button.

FAQs on EOQ Purchase Model with No Shortage

What is the formula to find EOQ Purchase Model with No Shortage?

The formula of EOQ Purchase Model with No Shortage is expressed as EOQ Purchase Model No Shortage = sqrt(2*Demand per Year*Order Cost/Carrying Cost). Here is an example- 1000 = sqrt(2*10000*200/4).

How to calculate EOQ Purchase Model with No Shortage?

With Demand per Year (D), Order Cost (C₀) & Carrying Cost (C_c) we can find EOQ Purchase Model with No Shortage using the formula - EOQ Purchase Model No Shortage = sqrt(2*Demand per Year*Order Cost/Carrying Cost). This formula also uses Square Root (sqrt) function(s).

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EOQ Purchase Model with No Shortage Formula

EOQ Purchase Model with No Shortage Example

EOQ Purchase Model with No Shortage Solution

EOQ Purchase Model with No Shortage Formula Elements

Other formulas in Manufacturing and Purchase Model category

How to Evaluate EOQ Purchase Model with No Shortage?

FAQs on EOQ Purchase Model with No Shortage

Variable Name