engineering recuitment GATE ME 2023-24 Test Series Industrial Engineering Production Planning and Inventory Control Inventory Control
An industry uses 36000 units of raw material costing Rs 3 per unit. The ordering cost is Rs 120 per order and the carrying cost is 2% per year of average inventory. The Industry follows EOQ purchasing policy. It operates for 300 days per year and procurement time is 20 days and safety stock is 450 units. The maximum inventory is ____
Enter numerical value using the virtual keypad. Round off where necessary.