Question: The annual demand for an automobile component is 36,000 units. The carrying cost is ? 0.50/ unit/year, the ordering cost is 25.00 per order and the shortage cost is ? 15.00/unit/year. Find the optimal values of the following demand for an automobile component is 36,000 units. The carrying cost is ? 0.50/ unit/year, the ordering cost is 25.00 per order and the shortage cost is ? 15.00/unit/year. Find the optimal values of the following.
- Economic ordering quantity
- Maximum inventory
- Maximum shortage quantity
- Cycle time
- Inventory period (:1)
- Shortage period (t2)