The EOQCAP.lng Model

Capacitated Economic Order Quantity

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In this model, we have three products with known demand, production rates, setup costs, and holding costs. The question is how much of each product should we produce to minimize total setup and holding costs without exceeding the capacity of our production facility.

Keywords:

Forecasting | Production | Demand Backlog | Economic | Inventory | Product Management | Reorder Point | Economic Order Quantity |