A company manufactures a product with semi- annual demand of 16,000 units. One
unit of the product needs 3 litres of a chemical "R". Cost per litre of R is 20. Cost of
placing an order is ₹1000 and carrying cost is 15% Pa of average inventory. Determine
the Economic Order Quantity and no of order to be placed for R.
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Answer:Answer your first Chinese question.
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