Question

A item is produced at the rate of 128 units per day.the annual demand is 6400 units .the setup cost for each production run and the inventory carrying cost is Rs.3 per unit per year there are 250 working days for production each year . Develop an inventory policy for this item.

Answer 1

Answer:

The EOQ formula is the square root of (2 x 1,000 pairs x $2 order cost) / ($5 holding cost) or 28.3 with rounding. The ideal order size to minimize costs and meet customer demand is slightly more than 28 pairs of jeans.

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Answer 2

Step-by-step explanation:

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