EOQ for Perishable Products with Expiry Considerations

EOQ for Perishable Products with Expiry Considerations

📄 Prompt Template

For [CompanyName]’s perishable [ProductName], calculate the economic order quantity (EOQ) while considering product shelf life and expiry. Include the following variables in the EOQ calculation:
Annual demand ([AnnualDemand])
Ordering cost ([OrderingCost])
Holding cost per unit ([HoldingCost])
Product shelf life ([ShelfLifeDays])
The output should provide the optimal EOQ that accounts for product expiry, ensuring inventory levels are sufficient but not excessive to avoid waste.

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