A contractor has to supply 10,000 bearings per day to an automobile manufacturer. he finds that when he starts production run, he can produce 25,000 bearings per day. the cost of holding is rs. 2 and set up cost for production run is rs. 1800. assuming 250 working days in the year, calculate economic order quantity and frequency of production? (b) also discuss flowchart, algorithm and general simulation study for this model.
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