You can calculate optimal order size or manufacture batch with this EOQ calculator. Formula uses so called Wilson’s formula:
where
- Q = Economical/Optimal order quantity
- P = Ordering costs (setting costs)
- D = Demand in year
- H = Holding costs
- Holding costs can be:
- CV (C = Interest, V = Products unit price)
- CV + I (I = storage cost per unit)
With this calculator you can decide if you want to calculate only capital, only storage or both costs.
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