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A stockiest has to supply 12000 units of a product per year to his customer. Demand is fixed and known. Shortage cost is assumed to

A stockiest has to supply 12000 units of a product per year to his customer. Demand is

fixed and known. Shortage cost is assumed to be infinite. Inventory holding cost is 20 paise per unit per month. Ordering Cost is Rs. 250 and purchase price is Rs.10 per unit.

Estimate the EOQ

Find the Frequency of orders and total inventory cost

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