[Feature] Add Endpoint to calculate Economic Order Quantity (EOQ)
Are you adding a new feature?
- [x] YES
- [ ] NO
Are you enhancing the old feature?
- [ ] YES
- [x] NO
Is your feature request related to a problem?
- [ ] YES
- [x] NO
Describe your feature/enhancement.
The Economic Order Quantity (EOQ) is a widely used inventory management model that helps determine the optimal order quantity for minimizing total inventory costs. It takes into account the trade-off between ordering costs and holding costs associated with inventory.
The formula for calculating EOQ is as follows:
EOQ = √((2 * D * S) / H)
where:
EOQ represents the economic order quantity,
D is the annual demand (or usage) of the product,
S is the setup cost per order (including costs such as ordering, shipping, and setup),
H is the holding cost per unit per year (including costs such as storage, insurance, and capital tied up in inventory).
Can you add the feature by yourself?
- [x] YES
- [ ] NO
Additional Information
Please assign this issue to me if you find it useful.
👋 @Codeansh
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Hello @Codeansh, thank you for raising an issue. 🙌 I have assigned the issue to you. You can now start working on it. If you encounter any problems, please feel free to connect with us. 👍
Hello @Codeansh, this is Version 2 of Fintech API repository, there had been few major updates, please go through the CONTRIBUTING.md to make further contributions. Thanks.