You have to supply your customer 100 units of certain


You have to supply your customer 100 units of certain product every Monday and only on Monday. You obtain the product from a local supplier at Rs/ 60/- per units. The cost of ordering and transportation from the supplier are Rs. 150/- per order. The cost of carrying inventory is estimated at15% per year of the cost of the product carried. Determine the economic lot size and the optimal cost.

 

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Basic Computer Science: You have to supply your customer 100 units of certain
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