EOQ Quick
Detailed App Info:
Application Description
EOQ Quick is an easy-to-use Economic Order Quantity (EOQ) Calculator that also gives you the cost associated with the optimal ordering quantity.
It serves as a great tool whether you are a student of OR, or in the business of replenishment, requiring snap access to the calculation.
It calculates EOQ using the Basic EOQ Model, which is formulated as:
EOQ = Sqrt((2 * Demand per unit time * Setup Cost for Ordering one batch) / Holding Cost per unit per unit of time))
Optimal Cost = EOQ * Holding Cost per unit per unit time
For calculating the optimal order quantity, the following assumptions are made:
a) Constant demand rate of D units per unit of time
b) Order Quantity Q arrives all at once just when desired, namely, when the inventory drops to zero
c) Constant lead time
It serves as a great tool whether you are a student of OR, or in the business of replenishment, requiring snap access to the calculation.
It calculates EOQ using the Basic EOQ Model, which is formulated as:
EOQ = Sqrt((2 * Demand per unit time * Setup Cost for Ordering one batch) / Holding Cost per unit per unit of time))
Optimal Cost = EOQ * Holding Cost per unit per unit time
For calculating the optimal order quantity, the following assumptions are made:
a) Constant demand rate of D units per unit of time
b) Order Quantity Q arrives all at once just when desired, namely, when the inventory drops to zero
c) Constant lead time
Requirements
Your mobile device must have at least 134.33 KB of space to download and install EOQ Quick app. EOQ Quick is available on iTunes for $1.99
If you have any problems with installation or in-app purchase, found bugs, questions, comments about this application, you can visit the official website of Timestar Services, LLC at http://www.timestar.com/support.
Copyright © 2009 Timestar Services, LLC
