Q.4 Find EOQ with following data: Quantity Unit cost (Rs.) 0 < Q < 500 10/- 500 ? Q < 750 9.25/- 750 ? Q 8.75/- The monthly demand for product is 200 units, cost of ordering is Rs. 100/- & storage cost is 2% of unit cost.
Added by Manauti M.
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The EOQ formula is: EOQ = sqrt((2DS)/H) where: D = Demand rate S = Setup costs (or the cost of placing an order) H = Holding cost (or the cost of carrying one unit in inventory for one unit of time) For the first price range (0<Q<500), the unit cost is Rs. 10. Show more…
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