Economic Order Quantity

A company uses 3000 units of a part annually. The units are priced as given in the table below. It costs ₹ 150 to place an order. Carrying costs are 40 percent of the purchase pric...

Market demand for springs is $$8,00,000$$ per annum. A company purchases these springs in lots and sells them. The cost of making a purchase order is Rs.$$1,200.$$ The cost of stor...

An item can be purchased for Rs.$$100.$$ The ordering cost is Rs.$$200$$ and the inventory carrying cost is $$10\% $$ of the item cost per annum. If the annual demand is 4000 units...

If the demand for an item is doubled and the ordering cost halved, the economic order quantity

In an ideal inventory control system, the economic lot size for a part is $$1000.$$ If the annual demand for the part is doubled, the new economic lot size required will be: