Q2-B- A stockiest has to supply 400 units of a product every Monday to his customers. He gets the product at Rs. 50/- pe
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Q2-B- A stockiest has to supply 400 units of a product every Monday to his customers. He gets the product at Rs. 50/- pe
Q2-B- A stockiest has to supply 400 units of a product every Monday to his customers. He gets the product at Rs. 50/- per unit from the manufacturer. The cost of ordering and transportation from the manufacturer is Rs. 75 per order. The cost of carrying inventory is 7.5% per year of the cost of the product. Find: (1) Economic order quantity (ii) The total optimal cost.
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