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. Following relating to a type of material is available:
Annual demand
2,400 units
2:40
UIA Price
Ordering cost per order
₹4.00
Storage cost
2% per annum
Interest rate
10/per annum
Lead time
Half month
Calculate Economic Order Quantity and total annual inventory cost in respect of particular raw material.
Ans: 258, 5837.15
May 30, 2024