Beta industry estimates that it will sell 24,000 units of its product for the forthcoming year. The
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Beta industry estimates that it will sell 24,000 units of its product for the forthcoming year. The ordering cost is ! 150 per order and the carrying cost per unit per year is 20 per cent of the purchase price per unit which is ! 50.
Find
(a) Economic order size.
(b) Number of orders per year.
(c) Time between successive orders.
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