Q2 The demand for product is 6000 unit per year and the items are withdrawn uniformly. The order cost is 1000$, the inventory holding cost is 6$ per item per year, assuming shortages cost 12$, find the following: 1. The Economic order quantity. 2. Maximum Inventory. 3. Shortage quantity. 4. Frequency.

Q2 The demand for product is 6000 unit per year and the items are withdrawn uniformly. The order cost is 1000$, the inventory holding cost is 6$ per item per year, assuming shortages cost 12$, find the following: 1. The Economic order quantity. 2. Maximum Inventory. 3. Shortage quantity. 4. Frequency.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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