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The annual demand for a vehicle component in Multan is 24,000 units. The carrying cost is Rs. 0.40/unit/year, the ordering cost is Rs. 20.00/order, and

The annual demand for a vehicle component in Multan is 24,000 units. The carrying cost is Rs. 0.40/unit/year, the ordering cost is Rs. 20.00/order, and the shortage cost is Rs. 10.00/unit/year. Calculate the optimal values of the following:

i. Economic order quantity

ii. Maximum inventory

iii. Maximum shortage quantity

iv. Cycle time

v. Inventory period (t1)

vi. Shortage period (t2

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