railway RRB JE (CBT I + CBT II) Mock Test 2024 Industrial Engineering Production Planning and Inventory Control Inventory Control
A company requires 16,000 units of raw material costing Rs. 2 per unit. The cost of placing an order is Rs. 45 and the carrying costs are 10% per year per unit of the average inventory. Determine the economic order quantity.
1
2684 Units
2
2434 Units
3
2520 Units
4
2052 Units