Inventorymodel (version 1.1.0.1)

EOQ: EOQ

Description

This function obtains the optimal orders and the associated cost in the EOQ model.

Usage

EOQ(n = NA, a = NA, d = NA, h = NA, m = NA)

Value

This function calculates two vectors. The first shows the optimal order for each agent. The second vector indicates the associated cost to these orders.

Arguments

n

Number of agents in the inventory model.

a

The fixed cost per order.

d

Vector. Deterministic demands per time unit to each agent.

h

Vector. Holding costs to each agent.

m

Vector. Number of orders to each agent (optional).

Examples

EOQ(n=3,a=600,d=c(500,300,400),h=c(9.6,11,10))

#EOQ model
#$"Optimal order"
#[1] 250.0000 180.9068 219.0890
#
#$"Order costs"
#[1] 2400.000 1989.975 2190.890