abhayuttamrathodank abhayuttamrathodank

15-01-2024
Business

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The demand for a certain product is random. It has been estimated that the monthly demand of the
product has a normal distribution with a mean of 390 units. The unit price of product is ` 25. Ordering
cost is ` 40 per order and inventory carrying cost is estimated to be 35 per cent per year.
CALCULATE Economic Order Quantity (EOQ)

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