Question

41. Imagine you are the production manager and have to supply your customer with 100 units of a
certain product every Monday (and only then). You obtain the product from a local supplier at Rs.
60 per unit. The costs of ordering and transportation from the supplier are Rs. 150 per order. The
cost of carrying inventory is estimated at 15% per year of the cost of the product carried
i Find the lot size which will minimize the cost of the
system.
Determine the optimum cost.
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Answer 1

Answer:

0.4 Give answer in one word.

1. Tags that define a paragraph

2. In the first step in developing a program

3. I am drawn on the basis of algorithm

4. I am the shape used to shows the path to be followed