Solution-Find the economic lot size

Find the economic lot size

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A company uses annually 24,000 units of raw material, which costs Rs. 1.25 per units. Placing each order cost Rs. 22.50, and the carrying cost is 5.4%of the average inventory. Find the economic lot size and the total inventory cost including material cost.

Reference no: EM131029584

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Find the economic lot size

Reference no: EM131029584

Reference no: EM131029584

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