         INVENTORY THEORY-FIXED QUANTITY EOQ

THIS PROGRAM INVOLVES AN INVENTORY PROBLEM FOR WHICH IT IS
ASSUMED THAT THE FOLLOWING CONDITIONS HOLD:
  THERE IS A CONSTANT ORDERING COST PER ORDER
  INVENTORY HOLDING COST IS CONSTANT PER UNIT HELD
  NO BACKORDERS ARE PERMITTED (STOCKOUTS NOT ALLOWED)
  ORDER LEAD TIME IS CONSTANT AND KNOWN
  DEMAND FOR THE ITEMS ARE CONSTANT AND UNIFORM THROUGH TIME
  THERE ARE NO QUANTITY PRICE BREAKS.

WE SHALL INPUT LEAD TIME,ANNUAL DEMAND, ORDERING COST,
HOLDING COST PER UNIT PER YEAR AND UNIT PURCHASE PRICE.
OUTPUT INCLUDES OPTIMAL ORDER QUANTITY,REORDER POINT, AND
TOTAL ANNUAL COST OF THE INVENTORY SYSTEM.
PRESS ENTER TO BEGIN? 
ENTER ANNUAL DEMAND(IN UNITS)      ? 123456
ENTER REORDER COST(PER ORDER)      ? 38.56
ENTER LEAD TIME(DAYS)              ? 37
ENTER HOLDING COST(PER UNIT/YEAR   ? 1.75
ENTER PURCHASE PRICE PER ITEM      ? 12.74

OPTIMAL ORDER QUANTITY IS           2332.49 UNITS
THIS MEANS ORDER ABOUT 52.9287 TIMES PER YEAR.
      OR ABOUT EVERY  6.89606 DAYS.
THE REORDER LEVEL IS 12514.7 UNITS, I.E. WHEN THIS QUANTITY
      IS REACHED REORDER 2332.49 UNITS.
TOTAL INVENTORY COST(HOLDING + REORDERING + COST OF ITEMS)
     PER YEAR EQUALS 1.57691E+6 

PRESS ENTER FOR MORE? -1
