Piyush Shah

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@sasikumar3610 11 күн бұрын

how the expected requirement demand 570 and ave 142.5 calculated

@piyushashah1 11 күн бұрын

You would have to use some alternate method with yearly data and find the yearly demand (=570). And, then 540/4 (-142.5) is the deseanalized average quarterly demand.

@LiYing-b7e 15 күн бұрын

how to install solver？

@piyushashah1 15 күн бұрын

Search on KZfaq and you will find your answer.

@rachnasahu7838 25 күн бұрын

Hi, can we use the same method for calculating indices at weekly level throughout the year?

@piyushashah1 25 күн бұрын

Yes you may. But, it will get very complex like that. I would work at montly levels and then further disaggregate the monthly forecast into weeks. And, you could consider this app for monthly forecasting: zerohour.shinyapps.io/ETS_ARIMA_Prophet_monthly/

@AjinkyaPol-n1g 27 күн бұрын

Hello Sir, amazing explanation, where can I get the excel file?

@user-gg1di7lv6t Ай бұрын

4th video is missing from the playlist

@nataliah169 Ай бұрын

You are amazing! Thank you so so much for this video. I was struggling to find a way to construct a problem similar to this one and this video helped me immensely!

@liquidleelooleeloo Ай бұрын

Sorry, but what is moved here?

@piyushashah1 Ай бұрын

The averages?

@user-io2gf2vl9k Ай бұрын

How can we calculate EOQ for perishing goods, because EOQ suggests very high quantities which are not suitable for

@piyushashah1 Ай бұрын

Perishable goods would have a very high holding/carrying cost. So, with that, it'd bring down the EOQ.

@user-io2gf2vl9k Ай бұрын

@@piyushashah1 ok , thank you. Can we somehow use news vendor model and EOQ in tandem to optimise quantities ?

@srashtigarg2647 3 ай бұрын

Sir, you are terrific!

@piyushashah1 3 ай бұрын

And you watched this one also! Thank you again.

@srashtigarg2647 3 ай бұрын

Thank you, you made it easier.

@piyushashah1 3 ай бұрын

Glad the video help, and thanks for leaving this comment.

@ankursrivastava7160 3 ай бұрын

Let’s assume that you decide to earn money by tickets scalping, that is, buying tickets for some events and then selling them at higher price. Disclaimer: ticket scalping is illegal; don’t try that at home; this is an optimisation exercise only. You can buy tickets at official price of $150. Then you try sell them at any price you want. However, if your price is too high then there will be less people willing to buy tickets from you. Also, the number of buyers is a random variable, so you cannot be sure how many tickets you will be able to sell. The number of tickets you can sell (demand) follows lognormal distribution with mean µ and standard deviation = 0.5. Note: The number of tickets sold will be not an integer, which does not make sense. It is OK for calculations as we talk about expectations, but it is not OK for reporting. Use common sense. Value µ depends on your selected price and follows the following formula: µ=6-YourPrice/70 You can return all tickets you don’t sell, but you will get only one third of their official price. How many tickets should you buy and what should be your selling price? What is a probability to make a profit in the case of the optimal solution? Is it worth to “do business”? Hint: to get random numbers from some distribution in Excel, you need to use inverse functions. For example, for lognormal distribution the formula is =LOGNORM.INV(RAND(), mean, st.dev) Hi Sir can you solve this

@emaduddin8208 3 ай бұрын

Hi sir, What's your email?I would like to get in touch.With you with some assignment help please thanks

@jjkhris 4 ай бұрын

Thank you so much for this video. 11 years later and it perfectly covers the content covered in my 300 level college course. I'm approaching finals, and I appreciate the conciseness and simplicity of your explanations.

@Ahkoto 4 ай бұрын

my favorite part is how you don't explain the homework that is in conjunction with the videos :))) IT REALLY KEEPS US ON OUR TOES

@ShivamSingh-tb7ur 4 ай бұрын

I think for total variable cost u have done wrong......total variable cost will be equals to VARIABLE COST× PRODUCTION DECISION×TOTAL PRODUCED

@ivchvad 4 ай бұрын

Thank you very much! Already on the 4th day, I could not master this technique in order to use it in the qualification work of the bachelor. Thanks to you, I was able to calculate everything quickly. Honor and praise!!!

@aquacyanide 5 ай бұрын

After 2 weeks of being lost on this topic, you taught me how to do it in 10 minutes. Thank you!

@ajayrathod7777 5 ай бұрын

Great explanation

@shirlynmwangi5736 5 ай бұрын

Thank you, this helped me a lot!

@piyushashah1 5 ай бұрын

Glad this helped you.

@user-vw4fd5yc4u 6 ай бұрын

simple and effective

@KSBrar-dk2yi 6 ай бұрын

what's about demand flow

@piyushashah1 6 ай бұрын

Demand is information, right?

@EvilAbD 6 ай бұрын

Dear Piyush, thanks for the videos, very useful, I have a question, can I use this method for seasonal data? Why not? what if I used? how the results will affect the forcasting?

@ciai7317 7 ай бұрын

Where that 570 for year 4th come from?

@thivo7513 7 ай бұрын

Thank you for your lesson

@soham9496 8 ай бұрын

Thank you sir , revising this before my business maths practical

@RAKESHYADAV-ht2qp 9 ай бұрын

How to calculate cost of holding and cost of ordering

@piyushashah1 9 ай бұрын

To be honest, you can't calculate the costs. And, the costs do not behave as assumed by the model. EOQ has zero practical use and is merely a conceptual idea.

@RAKESHYADAV-ht2qp 9 ай бұрын

great video sir

@wowwhydopplhavemyid 10 ай бұрын

Watching your vids again! 10 years working in supply chain, but your videos always give a great reminder!

@piyushashah1 10 ай бұрын

Thanks for writing this comment Bryce.

@quanminh3591 10 ай бұрын

em lạy thầy

@gmbp1983 10 ай бұрын

Please explain what is the LINEARITY CONDITIONS NOT SATISFIED.

@darylr5505 Жыл бұрын

Why do those people in line look so dejected? Is it the DMV?

@darylr5505 Жыл бұрын

Someone told me the other day that "queue" is the only word with four silent letters... I replied, "Nah, they're just waiting their turn."

@amacardo Жыл бұрын

Dr. Shah, you have the ability to explain complex topics in a very easy way. Thank you,

@Nyaudioguy Жыл бұрын

I found this to be very enlightening.

@andrewmuscat4991 Жыл бұрын

Explained really simply and crystal clear, thanks!

@lemingsoup Жыл бұрын

Thank you for this. Very straightforward and well explained.

@utfitnessfan2847 Жыл бұрын

This is awesome. Thank you!

@piyushashah1 Жыл бұрын

Thanks for leaving the comment. I am glad the video helped you out.

@katesaychaleun6322 Жыл бұрын

Not sure why 966.67 is rounded up to 977. Shouldn't it be 967?

@Mykels106 Жыл бұрын

Thank You for the help. I am studying for my CPIM Certification. It helps hearing it sometimes not just reading.

@methadrin1782 Жыл бұрын

You are a hero man!

@PANCHAlAKSHIT Жыл бұрын

Thank You sir

@piyushashah1 Жыл бұрын

Do have a look at the entire playlist.

@surbhipalkar9717 Жыл бұрын

Thanks a lot :)

@piyushashah1 Жыл бұрын

I'm happy the video helped. There are other video lessons on LP and related topics on my channel. Do have a look.

@giovannibudiardjo7939 Жыл бұрын

Where is the location of daily demand and largest shortage quantity?

@friendvsfriend797 Жыл бұрын

Superb Video, such an easy way of teaching, concept is easily taught

@piyushashah1 Жыл бұрын

Thanks for leaving the comment. I am happy the video helped you.

@amanChokhani Жыл бұрын

YOU ARE A LEGEND MATE

@piyushashah1 Жыл бұрын

Hey, I am still alive, not yet a legend. Haha. Kidding. Thanks for the comment.

@jandranmarri603 Жыл бұрын

How did you find standard deviation In column 8, person 1 🖋

@mabisvera8019 Жыл бұрын

Great Video!

@mianwu885 Жыл бұрын

thank you so much sir! I have been confused about it so long, now I got it!!!

@piyushashah1 Жыл бұрын

Happy this helped. There are other videos on transhipment on my channel also. You might find that useful also.

@waliimporter Жыл бұрын

can pls help in using the free software for forecasting. I input the data; no result displayed.!

@piyushashah1 Жыл бұрын

Not sure why. You might want to try this tool that I have developed for forecasting demand for monthly data: zerohour.shinyapps.io/ETS_ARIMA_Prophet_monthly/?_ga=2.50268966.1622986526.1672339493-1036110055.1665609118

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