An item is produced at the rate of 50 items per day. The demand occurs at the rate of 25 items per day. If the set up cost is Rs.100 and holding cost is Rs.0.01 per unit of item per day, find the economic lot size for one run, assuming that shortages are not permitted. Also find the time of cycle and minimum total cost for one run.
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Despite their superstitions, Egyptian priests encouraged the development of many scientific disciplines, especially astronomy and mathematics. ... The Rhind Mathematical Papyrus (also known as the Ahmes Papyrus) is an ancient mathematical treatise, dating back to approximately 1650 BCE.
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