The production department for a company requires 3600 kg of raw materials for manufacturing a particular item per year. It has been estimated that the cost of placing an order is Rs. 36 and the cost of carrying inventory is
25 percent of the inventory price. The price of material is Rs. 10 per kg. The purchase manager wishes to determine an ordering policy viz.
(i) EOQ
(ii)Time between orders
(iii) Number of orders per year
(iv) Total annual inventory cost.
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- Muja nai aata hai sorry
- उत्तर भारत की राजधानी है
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