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Alpha Limited employs the Economic Order Quantity ( EOQ ) model to determine order quantities for its components. The annual consumption for a particular component
Alpha Limited employs the Economic Order Quantity EOQ model to determine order quantities for its components. The annual consumption for a particular component is units, the cost to place one order is Rs the cost per unit is Rs and the carrying cost is of the unit cost.
i The Economic Order Quantity EOQ
ii The number of orders per year
iii. Ordering cost
iv Carrying cost
v Total cost of inventory
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