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MATLAB script to calculate Economic Order Quantity Model (EOQ)
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| clear | |
| clc | |
| %syms Q H S P D | |
| D=40*10^6; | |
| S=10000; | |
| H=0.1; | |
| P=5; | |
| Working_days=250; %(days) | |
| Lag_time=7; %(days) | |
| %syms Q | |
| %Q=linspace(0,10^9,10000); | |
| EOQ=sqrt(2*S*D/H); | |
| Q=EOQ; | |
| Total_Order_Cost=(D/Q)*S; | |
| Total_Holding_Cost=(Q/2)*H; | |
| Capital_Cost=P*D; | |
| TC=Total_Order_Cost+Total_Holding_Cost+Capital_Cost; | |
| d=D/Working_days; %Demand on 1 day | |
| R=d*Lag_time; %Reordering point | |
| T=Q/d; %Ordering Cycle | |
| %fplot(TC,[0,1000]) | |
| %% Display values | |
| EOQ | |
| Total_Holding_Cost | |
| TC | |
| d | |
| R | |
| T |
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