1
Q
p
A
daily production rate
2
Q
d
A
daily demand rate
3
Q
t
A
number of days in a production run
4
Q
maximum inventory in terms of p d and t
A
(p - d) * t
5
Q
maximum inventory in terms of Q
A
(1 - d/p)Q
6
Q
average inventory
A
1/2*(1-d/p)Q
7
Q
annual holding cost
A
1/2(1-d/p)Qch
8
Q
setup (like ordering) cost
A
D/Q*Co
9
Q
total cost
A
holding costs plus setup costs
10
Q
Q*
A
sqrt(2DCo/((1-D/P)Ch))
Business Science
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