3. The manufacturer has got a demand of an item of 3600 units/ year. inventory carrying charges is 1.2 OR per unit per annum. If the cost of ordering cost is 80 OR/order., Determine a) EOQ; b) No. of orders per annum ;c) Total annual inventory cost; d) optimal inventory cost.

3. The manufacturer has got a demand of an item of 3600 units/ year. inventory carrying charges is 1.2 OR per unit per annum. If the cost of ordering cost is 80 OR/order., Determine a) EOQ; b) No. of orders per annum ;c) Total annual inventory cost; d) optimal inventory cost.

Precision Machining Technology (MindTap Course List)

2nd Edition

ISBN:9781285444543

Author:Peter J. Hoffman, Eric S. Hopewell, Brian Janes

Publisher:Peter J. Hoffman, Eric S. Hopewell, Brian Janes

Chapter2: Measurement, Materials, And Safety

Section2.5: Quality Assurance, Process Planning, And Quality Control

Problem 10RQ: If an X-bar chart graph falls below the LCL or rises above the UCL, a machining process is said to...

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