Using the following data, calculate the Economic Order Quantity (EOQ):
Monthly consumption: 4000 kg
Cost per kg of raw materials: ₹2
Cost per order: ₹60
Storage cost: 15% of the average inventory
Which of the following is EOQ?
-Constable/1723466301-105.JPG)
Annual Demand (D) = 4000*12 = 48000 Kg S = 60 H = 2*15% = 0.30
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