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(Solved): The firm needs to buy 40000 units of an item in a year. The cost of placing an order is Rs.300 and t ...
The firm needs to buy 40000 units of an item in a year. The cost of placing an order is Rs.300 and the inventory carrying cost per unit per month is Rs.5.The cost per unit of the item is Rs.300. Determine the Economic Ordering Quantity. (5 Marks)