particular item has a demand of 9,000 units per year. The cost of one procurement is Rs. 100/-and the holding cost per unit is Rs. 2.40 per year. The replacement is instantaneous and no shortagesare allowed. Determine: (a) Economic lot size, (b) The number of orders per year, (c) The timebetween orders, and (d) the total cost per year if the cost of one units is Re.1/-
particular item has a demand of 9,000 units per year. The cost of one procurement is Rs. 100/-and the holding cost per unit is Rs. 2.40 per year. The replacement is instantaneous and no shortagesare allowed. Determine: (a) Economic lot size, (b) The number of orders per year, (c) The timebetween orders, and (d) the total cost per year if the cost of one units is Re.1/-
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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Transcribed Image Text:particular item has a demand of 9,000 units per year. The cost of one procurement is Rs. 100/-and the holding
cost per unit is Rs. 2.40 per year. The replacement is instantaneous and no shortagesare allowed. Determine: (a)
Economic lot size, (b) The number of orders per year, (c) The timebetween orders, and (d) the total cost per year
if the cost of one units is Re.1/-
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