Searches related to A consumable item has a demand of 12, 000 units per year. The cost of one procurement is Rs. 200 and the holding cost is Rs. 4 per unit per year. The replacement is immediate on requirement and hence there are no stock-outs. Determine the following: a) The economic lot size. b) The number of orders per year. c) The time between orders. d) The total cost per year, including the purchase cost if the cost of one unit is Rs. 2
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