Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Q2. From the figures given below, calculate Economic Order Quantity (EOQ) and Total cost at EOQ?
10,000 kgs
Rs. 2 per kg
Buying cost per order Rs. 50
Carrying and storage cost 8%||
Total consumption of material per year
Unit cost of material
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Transcribed Image Text:Q2. From the figures given below, calculate Economic Order Quantity (EOQ) and Total cost at EOQ? 10,000 kgs Rs. 2 per kg Buying cost per order Rs. 50 Carrying and storage cost 8%|| Total consumption of material per year Unit cost of material
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