railway RRB JE (CBT I + CBT II) Mock Test 2024 Industrial Engineering Production Planning and Inventory Control Inventory Control
If A is the number of units consumed per year, P is the procurement cost per order and C is the annual inventory cost per unit, the economic order quantity is given by
1
\(\rm\frac{2 A P}{C}\)
2
\(\rm\frac{\sqrt{2 A P}}{C}\)
3
\(\rm\sqrt{\frac{2 AP }{ C }}\)
4
None of the above