engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
The demand for a particular item is 10,000 units/year. The ordering cost is Rs 100/order. The carrying cost is Rs 0.5/unit/year. If no shortages are allowed and the replacement is instantaneous, then the time between the orders (T) is.
1
1.2 months
2
2.4 months
3
3.6 months
4
4.8 months