engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
A particular item has a demand of 9000 units/year. The cost of one procurement is Rs. 108 and the holding cost per unit is Rs. 2.40/year. The replacement is instantaneous and no shortages are allowed. What is the optimum number of orders/years?
1
7 orders/year
2
8 orders/year
3
9 orders/year
4
10 orders/year