Economic Order Quantity Hindi |EOQ model example |Deterministic Inventory | Inventory Model-Part 4

In this video I have explained about Deterministic Inventory Model - 1a ,Inventory Management .
👉 Few questions covered:
1)Define Inventory? What are different types of inventory in industries? Why is it important to control inventory ?
2)What is Graph for uniform demand ?
3)What is Inventory Management ?
4)What is Inventory System ?
👉About Inventory Management :
Definition of EOQ - Economic Order Quantity
The concept of economic ordering quantity was first developed by F.Harris in 1916.
Economic ordering quantity is that size of order which minimizes total annual cost of carrying inventory and cost of ordering under the assumed conditions of certainty and that annual demands are known.The EOQ concepts is applicable under the following conditions:
1. The item is replenished in lots of batches either by purchasing or by manufacturing.
2. Consumption of items is uniform and continuous.
EOQ is that order quantity or optimal order size which minimizes the total cost.
The model is described under following situations:
1. Planning period is one year.
2. Demand is deterministic and indicated by parameter D units per year.
3. Cost of purchase of one unit is C.
4. Cost of ordering is C3 or Co.
5. Cost of holding stock is C1 or Ch of per unit per year expressed either in terms of cost per unit per period or in terms of percentage charge of the purchase price.
6. Shortage cost is C2 or Cs per unit per year.
7. Lead time is L expressed in unit of time.
8. Cycle period in replenishment is t .
9. Order Size is Q.
Model 1a :: THE ECONOMIC LOT SIZE SYSTEM WITH UNIFORM DEMAND :-
In this we want to derive an economic lot size formula for the optimum production quantity q per cycle of a single product so as to minimize the total average variable cost per unit time , where
1. demand is uniform
2. lead time is zero
3. production rate is infinite.
4. shortages are not allowed .
5. holding cost in rupees C1 per quantity unit per unit time.
6. set up cost in rupees C3 per set-up.
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Vaishali Pant Tiwari

[@shauryasaxena5263]

because of you ma'am my preparation is done. thanks a lot ma'am

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Thanks it helped you. Please share it with your classmates and friends as well, it will help me. For detailed videos, PDF notes and PYQs please download my app - play.google.com/store/apps/details?id=com.onlinetutorial.education

[@madhavgarg0220]

You made this easy to understand mam ❤❤

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Thanks for comment in each video which you like. These small efforts of your always motivate me.

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Mine pleasure 💓

[@ashishtewari7747]

very nice explanation ! thanks !

[@MonikaVerma-qx3hi]

Bhot acha pdaate ho mam aap❤❤❤💞💞💞

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Nice explanation mam.😊

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Thank you so much mam.

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I love for best explanation

[@anshika5914]

Thank you

[@priyankavadnal5338]

Ans of 1st numerical you solved is not 20

[@lakshmisrilikitha2404]

Ma'am few lines are missing due inproper adjustment of ur camera

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❤

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Mam jo aap bta rhi hai uske ek proper notes mil skta hai kya

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❤❤

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Glad it helped! Please subscribe and help spread a word with your friends. for detailed videos, PDF notes and PYQs please download my app - play.google.com/store/apps/details?id=com.onlinetutorial.education

[@akanshapant1174]

nice video mam

[@AmanSharma-fl4we]

Thx mam☺

[@onlinetutorialbyvaishali]

@Aman thanks that you like my presentation Please subscribe to my channel and share my videos with your friends. Link of all videos on inventory theory: kzbin.info/www/bejne/f6aZapKlbamBpcU If u want any topic video then post a comment. please share with your classmates . regards vaishali

[@rohitsharma-ne4eo]

Mam inventory ki Thory send kar sakte please

[@uniqueadventure516]

hi

[@rohiii7999]

mam kya inventory theory ki full pdf send kr skti ho

[@onlinetutorialbyvaishali]

@rohtash thanks that you like my presentation but I dont have pdf of notes as of now. If u want any topic video then post a comment. Please subscribe to my channel and share my videos with your friends. Link of all videos on inventory theory: kzbin.info/www/bejne/f6aZapKlbamBpcU please share with your classmates . regards vaishali