The demand for a purchased item is 2000 units per month and the-01809

Online Quiz This subjective question is related to the book/course vu mcm610 Mass Communication Law & Ethics. It can also be found in vu mcm610 Mid Term Solved Past Paper No. 1.

Question 1: The demand for a purchased item is 2000 units per month and the shortages are allowed. If the unit cost is Rs 20 per unit, the cost of making one purchase is Rs 1000, the holding cost for 1 unit is Rs 20 per year and the cost of one shortage is Rs 500 per year, determine:

(a) The economic purchase quantity.
(b) The time between orders.
(c) The number of orders per year.
(d) The optimum shortages.
(e) The maximum inventory.
(f) The time of items being held.
(g) The optimum annual cost.

Answer:

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