(CThe demand for a certain product is 4800 units per year. The fixed administrative cost of placing an order is Rs.1800.

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(CThe demand for a certain product is 4800 units per year. The fixed administrative cost of placing an order is Rs.1800.

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Cthe Demand For A Certain Product Is 4800 Units Per Year The Fixed Administrative Cost Of Placing An Order Is Rs 1800 1
Cthe Demand For A Certain Product Is 4800 Units Per Year The Fixed Administrative Cost Of Placing An Order Is Rs 1800 1 (92.85 KiB) Viewed 21 times
(CThe demand for a certain product is 4800 units per year. The fixed administrative cost of placing an order is Rs.1800. Stock holding cost is Rs.24 per unit per year and price per one unit is Rs 10. Additional notes: 22A I = Wilson formula: Q= Average yearly inventory cost K =42+2+ ca (In standard notation used in your textbook.) Calculate the following. 2 (i) Economic lot size. 5 marks (ii) How many orders should be placed in a year? 2 marks 2 marks (ii) Calculate the total inventory cost per year, considering only ordering cost, holding cost and cost of an item.
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