Order cycle in which item n has to be sent

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Presentation transcript:

Order cycle in which item n has to be sent Table 2. Multi-product Economic Order Quantity (EOQ) Model Item 1 Item 2 Item 3 Item n Annual demand 10000 1000 100 ... Holding cost 75 Order cost 630 Q 410 130 41 N 24.4 7.72 2.44 t(days) 14.96 47.31 149.61 Order quantity Order cycle in which item n has to be sent 1 3 10 Total cost NI5,407.93 N4,898.06 NI,574.54 Hycinth Chukwudi Iwu et al. Application of Inventory Model in Determining Stock Control in an Organization. American Journal of Applied Mathematics and Statistics, 2014, Vol. 2, No. 5, 307-317. doi:10.12691/ajams-2-5-3 © The Author(s) 2014. Published by Science and Education Publishing.