Ram Industry needs 5400 units/year of a bought out component which will be used in its main
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Ram Industry needs 5400 units/year of a bought out component which will be used in its main product. The ordering cost is ! 250 per order and the carrying cost per unit per year is ! 30.
Find
(a) Economic order quantity.
(b) Number of orders per year.
(c) Time between successive orders.
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