railway RRB JE (CBT I + CBT II) Mock Test 2024 Industrial Engineering Production Planning and Inventory Control Inventory Control
There were products P and Q with the following characteristics
Product |
Demand (units) |
Order cost (Rs./order) |
Holding cost (Rs. unit/year) |
| P | 100 | 50 | 4 |
| Q | 400 | 50 | 1 |
The economic order quantity (EOQ) of products P and Q will be in the ratio
1
1 : 4
2
1 : 2
3
1 : 1
4
1 : 8