b. The demand for an item is 15000 per year. Itsproduction rate is 300 per month. The carrying cost is Rs.0.50/unit/month and the set up cost is Rs. 400 per set up.the shortage cost is Rs. 30 per unit per year. Find variousParameters of inventory system.

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Answered: b. The demand for an item is 15000 per…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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b. The demand for an item is 15000 per year. Its production rate is 300 per month. The carrying cost is Rs. 0.50/unit/month and the set up cost is Rs. 400 per set up. the shortage cost is Rs. 30 per unit per year. Find various Parameters of inventory system.