inventorize (version 1.1.1)

TQpractical: 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

Examples

# NOT RUN {
TQpractical(annualdemand=1000,orderingcost=100,
purchasecost=72,holdingrate=0.25,na.rm=TRUE)
# }