38. The annual requirement of a commodity is 3,000 units, the cost of placing an order is...

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38. The annual requirement of a commodity is 3,000 units, the cost of placing an order is Rs 300 and the cost of carrying an item in inventory for one year is Rs 20.

(a) Determine the EOQ.

(b) Determine the re-order level if the number of working days in a year is 300 and the lead time is 15 days.

(c) If the maximum lead time is 20 days and the maximum daily demand is 15 units, determine the safety stock required to prevent stockouts.

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Quantitative Techniques In Management

ISBN: 99835

4th Edition

Authors: N D VOHRA

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Question Posted: Aug 30, 2024 07:01 AM

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38. The annual requirement of a commodity is 3,000 units, the cost of placing an order is...

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Quantitative Techniques In Management

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