You can now play Simple EOQ Calculator for PC on a desktop/laptop running Windows XP, Windows 7, Windows 8, Windows 8.1, Windows 10 and MacOS/OS X. This can easily be done with the help of BlueStacks or Andy OS Android emulator.
Companies that hold stock face two major costs: holding cost, and ordering. Both costs work in such a way that managers need to balance them; there is a trade-off: stock too much and your holding costs will eat your profits, keep your ordering frequency at high levels and your ordering costs will increase.
For the sake of supply chain management efficiency there are many models available. One of the most utilised systems is the ‘Economic Order Quantity’ (EOQ) model, developed by Production Engineer Ford Harris.
This simple model allows to calculate the order size, and hereby the reorder point that minimises the total cost of purchasing, ordering and holding stocks. The simplicity of the model resides in its ability to calculate such optimal quantity only considering demand, and the ordering and holding costs.
This application calculates the EOQ given an annual demand estimate, together with the total yearly orders and the total annual cost.
Further, you can choose to calculate the EOQ when shortages may arise; the possibility of shortages may come from either a technical perspective (it is possible to backorder), or from a commercial possibility (customers do not cancel an order whenever there is no inventory available and wait for the backordering process).
As an additional option, if you consider your demand is uncertain, the calculator will make use of the 'Newsvendor model' and will calculate the optimal monthly order given the selling price of the product, your costs, and the average monthly demand and its standard deviation. This is the most used models to calculate the optimal order size when demand is unknown and only the demand mean and variance is known.
How to download and run Simple EOQ Calculator on your PC and Mac
Simple EOQ Calculator For PC can be easily installed and used on a desktop computer or laptop running Windows XP, Windows 7, Windows 8, Windows 8.1, Windows 10 and a Macbook, iMac running Mac OS X. This will be done using an Android emulator. To install Simple EOQ Calculator For PC, we will use BlueStacks app player. The method listed below is set to help you get Simple EOQ Calculator For PC. Go ahead and get it done now.
Download Links For Simple EOQ Calculator:
Step to Step Guide / Simple EOQ Calculator For PC:
- As you have Downloaded and Installed Bluestacks Emulator, from Links which are provided above.
- Now, After the installation, configure it and add your Google account.
- Once everything is done, just open the Market in Play Store and Search for the ‘Simple EOQ Calculator’.
- Tap the first result and tap install.
- Once the installation is over, Tap the App icon in Menu to start playing.
- That’s all Enjoy!
Also Read: CMX – Dark Mode · KLWP Theme For PC / Windows 7/8/10 / Mac – Free Download
That would be all from our side. In case you have got any queries or you have any issue following the guide, do let me know by leaving your thoughts in the comments section below.