Question

2) A shipbuilding firm uses rivets at a constant rate of 20,000 numbers per year. Ordering costs
are Rs.30 per order. The rivets cost Rs. 1.50 per number. The holding cost of rivets is
estimated to be 12.5% of unit cost per year. Determine the EOQ,​

Answer 1

Answer:

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Step-by-step explanation:

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