INSTRUCTIONS

Inventory Management Module solves Economic Order Quantity models [without & with shortages], Economic Batch Quantity models [without & with shortages] and Price Break Models.

Price Break Models

Production without Shortages tab solves the Economic Batch Quantity [EBQ] Inventory models, without any shortages.

• Enter the Number of Price Breaks Required and Press SUBMIT button
• This action generates the Input table [contains, Demand, Set Up Cost, Holding Cost & Number of Days (default 365 days)]& Price Break Ranges
• Enter the Demand [D] and choose the Unit of Measurement from the Unit option
• Enter the Set up /Ordering cost [Co] per order or per set up
• Enter the Holding cost [Cc] per unit and choose the Unit of Measurement from the Unit option
• As a default entry, Number of days per year consider as 365
• Enter the Price Break Ranges [Minimum & Maximum Quantity of a range and Price Per Unit for the respective range]
• Press Submit Button
• Save option allows you to save the problem data to the local system storage as a ‘.txt’ file
• Solution page contains Problem Statement and Result Calculation for each Price Break.
• Then a summary of Respective Cost for each Price Break is computed and suggested solution is given.
• There is an option to save the solution as a PDF file