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? The manager of a factory is purchasing forgings of outer-ring Rs. 10000 annually. Records reveal that cost of an order is Rs. 15; cost

The manager of a factory is purchasing forgings of outer-ring Rs. 10000 annually. Records reveal that cost of an order is Rs. 15; cost of inventory carrying is 9% of the average inventory value and unit price is Rs. 65. Determine : (i) Economic order quantity (opt) (ii) Optimum number of orders per year. (iii) Optimal cost of ordering and inventory carrying cost.

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