Exam 3 Formula Sheet

Exam 3 Formula Sheet - Management 368 Final Formula Sheet...

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Management 368 Final Formula Sheet Chapter 9: Design Capacity: Effective Capacity:
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Chapter 12: ***Average Amount of Inventory in Transit (ATI): ATI = ATI = average transportation inventory (in units) T = transit time in days D = annual demand in unit Reorder Point (R): R = dL; R = reorder point in units d = average daily demand Annual Demand * Operating Time/Year L = lead time in day Total Relevant Annual Costs for the basic Economic Order Quantity (TC Q ): TC Q = Annual Ordering Costs # of orders placed/yr * cost to place an order + Annual Holding Costs avg. inventory level * annual holding cost/ unit EOQ = Economic Order Quantity TC = Total annual cost D = annual demand Q = Quantity to be ordered H = annual holding cost per unit S = Setup cost Economic Order Quantity Formula (EOQ model): Q = Quantity to be ordered D = annual demand S = Setup cost H = annual holding cost per unit Total Cost for the Economic Production Quantity Model (TC EPQ ): TC EPQ = TC = Total annual cost
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This note was uploaded on 10/17/2011 for the course MNGT 368 taught by Professor Curthurds during the Spring '08 term at Nicholls State.

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Exam 3 Formula Sheet - Management 368 Final Formula Sheet...

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