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ME 482 - Manufacturing Systems

WIP inventory cost analysis

Equations:

part cost function line*C(t) = Cm + no (Co Tp + Cno )]t/ MLT *using average Tp and Cno

total cost per part including WIPTCpc = Cpc +  (Cm + Cp)t/MLT)h dt

   where Cp =  no (Co Tp + Cno )

thenTCpc = Cpc + HCpc

where HCpc = holding cost for WIPHCpc = (Cm + Cp/2) h (MLT)

o

MLT

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