FIFO HELP!
in [Programming]
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From: deeds on 31 Dec 2009 13:01 I am trying to create a FIFO schedule in Excel. I am trying to determine the best formula to remove inventory based on FIFO. So, for instance, I have 5 layers of inventory all with different costs. On the sales side, I want to chew into the first layer first, however if the sales is greater than the inventory in the first layer, I need to go to the second layer and so forth. Anyone have any good formulas for setting up a schedule like this? Or point me in the right direction....Thanks!
From: joel on 31 Dec 2009 14:03 This is not a simple problem. The Greeks couldn't solve it 2000 years ago so what makes you think you can solve it any better. The greeks didn't have a computer and you do. This type of problem it called a packing problem. The Greek going into battles had different size chariots with different supplies to fill the chariots. the Greeks wanted to find the best way of loading the chariots to use the least amount of chariots and if the over filled their chariot the chariot would go too slow or tip over. The greeks wanted to know the optimum way of packing the chariots. Today with computers to get the best solution you usually set up a set of rules and a method to score each solution. Then try every combination of solutions and take the one with the best score. Your problem is a very simple type of packing problem. You may just need a simple algorithm and not try every combination. A formula solution probably isn't going to work and you would need to write a VBA macro to get the results. -- joel ------------------------------------------------------------------------ joel's Profile: 229 View this thread: http://www.thecodecage.com/forumz/showthread.php?t=166190 [url="http://www.thecodecage.com"]Microsoft Office Help[/url]
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