FIFO stock calculation
Hi guys, i have a dataset as below, with the desired output (named: “init rate”) at the last column:
| ID | Date_order | Production_weight | Production_rate | Stock_Available | Desired_output |
| A | 0 | 100000 | 4.2 | 0 | 4.20 |
| A | 1 | 30000 | 4.5 | 100000 | 4.27 |
| A | 2 | 26000 | 4.4 | 130000 | 4.29 |
| A | 3 | 30000 | 4.5 | 132000 | 4.33 |
| A | 4 | 26000 | 4.4 | 138000 | 4.34 |“Init rate” will be the name of the desired output column
The logic is, which will apply for each ID (many IDs will be in the dataset, I use only one for example):
If the date order is 0, then the “init rate” is equal to the “production rate”
Else the formula will be calculated as follows:
(“Stock Available” “Init Rate for previous date” + “Production weight” “Production Rate”) / (“Production weight” + “Stock Available”)
for example, row 1: (100000 4.2 + 30000 4.5) / (100000 + 30000) = 4.27
The tricky part is you have to use the newly calculated “init rate” of the previous row for the current row calculation.
I can archive it easily in Alteryx, but I am not sure how to do it in Knime.
Thank you for your help.