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1.2.2 Example

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For example, the association faces a yearly interest of 2,000 units. This costs the association 2,000 for each request set and 38 for every unit of the medicine.

This faces a passing on expense of 15% of the unit yield. What is the proportion of money-related solicitation?

The components can be planned as below.


We attain the ideal solutions of every case tested in Table 1.1. Table 1.1 is displayed in Figure 1.1. This blueprint shows the Order size is settled through Distribution bend that shows changes in the and TC Parameters comparing to Order size Q for the model with changed objective work.

The blue curve shows the adjustment of all together amount price possibility upon Quantity at the confined Company limit. The Nature of the given Inventory usage, while moreover considering the exchange time span and fixed nature of the provider to the degree the transport framework.

Table 1.1 Effect of Q at various price.

Parameters q TC
1 112 17.86 35,720 38,000 73,720
2 125 16 32,000 32,000 64,000
3 144 13.8 27,600 40,000 67,600
4 162 12.35 24,700 30,000 54,700
5 201 9.95 19,900 44,000 63,900
6 228 8.77 17,542 28,000 45,562
7 260 7.69 15,380 48,000 63,380
8 314 6.37 12,740 25,000 37,740
9 270 7.41 14,820 50,000 64,820
10 317 6.31 12,620 23,000 35,620
11 402 4.98 9,960 52,000 61,960
12 517 3.87 7,740 20,000 27,740
13 895 2.23 4,460 55,000 59,460

Figure 1.1 Optimal result of the order quantity in EOQ.

Numerical Examples Parameters: Let assume that D = 2000, T = 2,000, C1 = 260, H =$650, I = 15%. The optimal solution is TC = 73,720.

Mathematics in Computational Science and Engineering

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