- 04/30/2019 at 7:06 am #726409EduGorillaKeymasterSelect Question Language :
A firm wants to order its inventory for the production. The annual demand is 8000 units, the cost of each unit is Rs. 10 and the cost per order is Rs. 5. What will be the number of orders that it has to place in order to minimize the total holding and ordering cost? The annual carrying cost per unit is given to be Rs. 2.
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