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10. A local retailer anticipates an annual demand 12000 units of a product. The retailers] allows shortages for that product, and these shortages are backordered
10. A local retailer anticipates an annual demand 12000 units of a product. The retailers] allows shortages for that product, and these shortages are backordered at a rate of 3 OMR per unit backordered. The cost of ordering is 200 OMR, whereas, the annual holding cost is 1 OMR per unit. The retailer operates 300 days per year. What is the minimum total inventory cost in OMR? Round-up to the nearest integer A. 1898 B. 1987 C. 1998 D. 2000 E. 1550 F. None is correct
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