engineering recuitment AAI JE Technical Mock Test 2020-21 Industrial Engineering Production Planning and Inventory Control Inventory Control
A manufacturing company purchases 9000 parts of a machine for its annual requirements ordering for month usage at a time, each part costing Rs. 20. The ordering cost per order is Rs. 15 and carrying charges are 15% of the average inventory per year. What should be the optimum order quantity?
1
200
2
300
3
400
4
500