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Total Cost for Purchase Model with No Shortage Formula

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Total Cost for Purchase Model No Shortage is the actual cost incurred in the production of a given level of output for a purchase model with instantaneous replenishment and without shortage. Check FAQs

TC p = D \cdot P + \sqrt{2 \cdot D \cdot C c \cdot C 0}

TC_p - Total Cost for Purchase Model No Shortage?D - Demand per Year?P - Purchase Price?C_c - Carrying Cost?C₀ - Order Cost?

Total Cost for Purchase Model with No Shortage Example

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Here is how the Total Cost for Purchase Model with No Shortage equation looks like with Values.

Here is how the Total Cost for Purchase Model with No Shortage equation looks like with Units.

Here is how the Total Cost for Purchase Model with No Shortage equation looks like.

204000 = 10000 \cdot 20 + \sqrt{2 \cdot 10000 \cdot 4 \cdot 200}

204000 = 10000 \cdot 20 + \sqrt{2 \cdot 10000 \cdot 4 \cdot 200}

204000 = 10000 \cdot 20 + \sqrt{2 \cdot 10000 \cdot 4 \cdot 200}

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Total Cost for Purchase Model with No Shortage Solution

Follow our step by step solution on how to calculate Total Cost for Purchase Model with No Shortage?

FIRST Step Consider the formula

TC p = D \cdot P + \sqrt{2 \cdot D \cdot C c \cdot C 0}

Next Step Substitute values of Variables

∴

TC p = 10000 \cdot 20 + \sqrt{2 \cdot 10000 \cdot 4 \cdot 200}

Next Step Prepare to Evaluate

∴

TC p = 10000 \cdot 20 + \sqrt{2 \cdot 10000 \cdot 4 \cdot 200}

LAST Step Evaluate

∴

TC p = 204000

Total Cost for Purchase Model with No Shortage Formula Elements

Variables

Functions

Total Cost for Purchase Model No Shortage

Total Cost for Purchase Model No Shortage is the actual cost incurred in the production of a given level of output for a purchase model with instantaneous replenishment and without shortage.

Symbol: TC_p

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Cost for 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

Purchase Price

The Purchase Price is the price an investor pays for an investment, and the price becomes the investor's cost basis for calculating gain or loss when selling the investment.

Symbol: P

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Purchase Price

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

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

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 EOQ Purchase Model with No Shortage

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

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)}}

How to Evaluate Total Cost for Purchase Model with No Shortage?

Total Cost for Purchase Model with No Shortage evaluator uses Total Cost for Purchase Model No Shortage = Demand per Year*Purchase Price+sqrt(2*Demand per Year*Carrying Cost*Order Cost) to evaluate the Total Cost for Purchase Model No Shortage, Total Cost for Purchase Model with No Shortage is the actual cost incurred in the production of a given level of output for a purchase model with instantaneous replenishment and without shortage. Total Cost for Purchase Model No Shortage is denoted by TC_p symbol.

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

FAQs on Total Cost for Purchase Model with No Shortage

What is the formula to find Total Cost for Purchase Model with No Shortage?

The formula of Total Cost for Purchase Model with No Shortage is expressed as Total Cost for Purchase Model No Shortage = Demand per Year*Purchase Price+sqrt(2*Demand per Year*Carrying Cost*Order Cost). Here is an example- 204000 = 10000*20+sqrt(2*10000*4*200).

How to calculate Total Cost for Purchase Model with No Shortage?

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

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Total Cost for Purchase Model with No Shortage Formula

Total Cost for Purchase Model with No Shortage Example

Total Cost for Purchase Model with No Shortage Solution

Total Cost for Purchase Model with No Shortage Formula Elements

Other formulas in Manufacturing and Purchase Model category

How to Evaluate Total Cost for Purchase Model with No Shortage?

FAQs on Total Cost for Purchase Model with No Shortage

Variable Name