A manufacturer uses 75,000 units of a particular material per year. The material cost is 1.50 per
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A manufacturer uses 75,000 units of a particular material per year. The material cost is 1.50 per unit and the carrying cost is estimated to be 25% p.a. of average inventory cost. The cost of placing an order is Rs. 18. You are required to determine EOQ and the frequency of order p.a.
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