Production Order Quantity Model Differs From EOQ because…
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Asks for difference between EOQ and POQ…
Asks for difference between EOQ and POQ…
Given the number of units, the ordering cost, and the holding cost… find the units per order.
Your numbers will vary.
Given the amount of sub-components produced per day and per year, working days, holding cost, and ordering cost… figure out the economic production quantity, production runs per year, max inventory level, and the setup and holding cost.
Your numbers will vary.
Given light bulbs per year, the pricing tiers, the cost of an order, and the cost to carry/hold… find how many the company should by each time.
Your numbers will vary.
Given the Daily production quantity, the set-up cost, and the economic order quantity… find the economic production quantity.
Your numbers will vary.
Given the number of units, the ordering cost, and the holding cost… find the units per order.
Your numbers will vary.
Given the cans per month, the number of manufacturing days, and the lead time in days… find the reorder point.
Your numbers will vary.
Solves any basic EOQ (Economic Order Quantity) problem. WARNING! Make sure that both DEMAND and the HOLDING COST are both expressed as ANNUAL. If one of them is not annual, convert to an annual value for the solver input. Note: the letter S = order cost. The cost-minimizing quantity is the “number to order each time”. Also provides average inventory and number of orders each year.
Your numbers will vary.
Asks effect of increasing service level
Asks which apply to POQ and not EOQ.