engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
Find the optimum order quantity for a product for which the price breaks are as follows:
|
Lot size |
Unit price |
|
Q1: 0 - 800 |
Rs. 1 |
|
Q2: ≥ 800 |
Rs. 0.98 |
The cost of placing the order is Rs. 5, storage cost is 10 % per year and there is a demand of 1600 units per year. ______
Enter numerical value using the virtual keypad. Round off where necessary.