Suman Ray Pramanik
Indian Institute of Technology (IIT), Kanpur
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National Institute of Information Technology (NIIT), Neemrana
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## < 11 Other formulas that you can solve using the same Inputs

Period t2 Manufacturing with No Shortage
Period t2 manufacturing model no shortage=EOQ manufacturing model no shortage*(1-(Demand per year/Production rate))/Demand per year GO
Total optimum cost for the manufacturing model
Total optimum cost for manufacturing model=sqrt(2*Demand per year*Carrying cost*Order cost*(1-(Demand per year/Production rate))) GO
EOQ Purchase Model with Shortage
EOQ purchase model with shortage=sqrt(2*Demand per year*Order cost/Carrying cost*((Shortage cost+Carrying cost)/Shortage cost)) GO
Maximum inventory purchase model
Maximum inventory purchase model=sqrt(2*Demand per year*Order cost/Carrying cost*(Shortage cost/(Shortage cost+Carrying cost))) GO
EOQ Manufacturing Model with No Shortage
EOQ manufacturing model no shortage=sqrt((2*Order cost*Demand per year)/(Carrying cost*(1-(Demand per year/Production rate)))) GO
Total Cost for Purchase Model with No Shortage
Total cost for purchase model no shortage=(Demand per year*Purchase price)+(sqrt(2*Demand per year*Carrying cost*Order cost)) GO
Time taken for purchase model with shortage
Time taken for purchase model with shortage=EOQ purchase model with shortage/Demand per year GO
Number of Order for Purchase Models with No Shortage
Number of order purchase models no shortage=Demand per year/EOQ purchase model no shortage GO
Period t1 Manufacturing with No Shortage
Period t1 manufacturing no shortage=EOQ manufacturing model no shortage/Production rate GO
Time Taken for Purchase Model with No Shortage
Time taken for purchase model no shortage=Economic Order Quantity/Demand per year GO
EOQ Purchase Model with No Shortage
EOQ purchase model no shortage=sqrt(2*Demand per year*Order cost/Carrying cost) GO

### EOQ Manufacturing Model with Shortage Formula

EOQ manufacturing model with shortage=sqrt(2*Demand per year*Order cost*(Shortage cost+Carrying cost)/(Carrying cost*Shortage cost*(1-(Demand per year/Production rate))))
More formulas
Single Exponential Smoothing GO
Forecasting Error GO
EOQ Purchase Model with No Shortage GO
Number of Order for Purchase Models with No Shortage GO
Time Taken for Purchase Model with No Shortage GO
Total Cost for Purchase Model with No Shortage GO
EOQ Manufacturing Model with No Shortage GO
Period t1 Manufacturing with No Shortage GO
Period t2 Manufacturing with No Shortage GO
Total optimum cost for the manufacturing model GO
EOQ Purchase Model with Shortage GO
Maximum inventory purchase model GO
Maximum stock out purchase model GO
Time taken for purchase model with shortage GO
Period t1 purchase with shortage GO
Period t2 for Purchase Model with Shortage GO
Total optimum cost for the purchase model GO
Maximum inventory manufacturing model GO
Maximum stock out manufacturing model GO
Time taken for manufacturing model with the shortage GO
Period t1 manufacturing with shortage GO
Period t2 for Manufacturing Model with Shortage GO
Period t3 Manufacturing model GO
Period t4 Manufacturing model GO
Reorder Point GO
Early Finish Time GO
Late Finish Time GO
PERT expected time GO
Standard Deviation GO
Variance GO
Crashing GO
Standard normal variation GO
New number in simplex table GO
Traffic intensity GO
Expected number of customers in the system GO
Expected number of customers in the queue GO
Expected waiting time for customers in the queue GO
Expected waiting time for customers in the system GO
Non-empty queue probability GO
Probability of customers exceeding a number GO
Expected length of non-empty queue GO
Total Float GO
Free Float GO
Independent float GO
Total Float given start times GO
Total Float given finish times GO
Independent float given slack GO
Point r on a line GO
Binomial distribution GO
Poisson distribution GO
Normal distribution GO

## What is the economic order quantity?

The Economic order quantity is the order quantity a company should purchase to minimize inventory cost. For a manufacturing model without shortage, we assume that the demand is constant and inventory is depleted at a fixed rate until it reaches zero.

## How to Calculate EOQ Manufacturing Model with Shortage?

EOQ Manufacturing Model with Shortage calculator uses EOQ manufacturing model with shortage=sqrt(2*Demand per year*Order cost*(Shortage cost+Carrying cost)/(Carrying cost*Shortage cost*(1-(Demand per year/Production rate)))) to calculate the EOQ manufacturing model with shortage, EOQ Manufacturing Model with Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant. EOQ manufacturing model with shortage and is denoted by EOQ symbol.

How to calculate EOQ Manufacturing Model with Shortage using this online calculator? To use this online calculator for EOQ Manufacturing Model with Shortage, enter Demand per year (D), Order cost (C0), Carrying cost (Cc), Shortage cost (Cs) and Production rate (K) and hit the calculate button. Here is how the EOQ Manufacturing Model with Shortage calculation can be explained with given input values -> 1523.155 = sqrt(2*10000*200*(25+4)/(4*25*(1-(10000/20000)))).

### FAQ

What is EOQ Manufacturing Model with Shortage?
EOQ Manufacturing Model with Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant and is represented as EOQ=sqrt(2*D*C0*(Cs+Cc)/(Cc*Cs*(1-(D/K)))) or EOQ manufacturing model with shortage=sqrt(2*Demand per year*Order cost*(Shortage cost+Carrying cost)/(Carrying cost*Shortage cost*(1-(Demand per year/Production rate)))). Demand per year is the number of goods that consumers are willing and able to purchase at various prices during a given year, Order cost is the expenses incurred to create and process an order to a supplier, Carrying cost is the total of all expenses related to storing unsold goods, and refers to the total cost of holding inventory, The shortage cost is called the associate cost and is equal to the product's contribution margin and Production rate refers to the number of goods that can be produced during a given period of time.
How to calculate EOQ Manufacturing Model with Shortage?
EOQ Manufacturing Model with Shortage is the order quantity a company should purchase to minimize inventory cost assuming demand is constant is calculated using EOQ manufacturing model with shortage=sqrt(2*Demand per year*Order cost*(Shortage cost+Carrying cost)/(Carrying cost*Shortage cost*(1-(Demand per year/Production rate)))). To calculate EOQ Manufacturing Model with Shortage, you need Demand per year (D), Order cost (C0), Carrying cost (Cc), Shortage cost (Cs) and Production rate (K). With our tool, you need to enter the respective value for Demand per year, Order cost, Carrying cost, Shortage cost and Production rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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