文档介绍:QuantitativeMethodsForDecisionMakersThirdEditionChapter12StockcontrolLearningObjectivesBytheendofthischapteryoushouldbeableto:Understandthestock-££(£15)StockoutcostsThestock-controldecisionD:theannualdemandfortheitemCo:thecostofplacingeachorderCh:thecostofholdinganitemforoneyearQ:thesizeoftheordertobeplacedIfQ=10,totalordercost=?totalholdingcost=?IfQ=250,totalordercost=?totalholdingcost=?TheeconomicorderquantitymodelOC:totalordercostHC:totalholdingcostTC:totalcostsTotalcostwillbeminimizedwhereOC=:=theannualdemandfortheitemD/QNumberofdaysbetweeneachorder=365/numberofordersAssumptionsoftheEOQmodelDemandisknownforcertain;Demandisconstantovertime;Ordersarereceivedassoonastheyaremade;Astockorderismadewhenexistingstocklevelsreachzero;Theorderquantityremainsconstantovertime;:=d*LRisthereorderlevel;disthedemandpertimeperiod;(Paretosystem):allstockitemsarecategorizedinto3groups,ABandC,.