quiz 2. demand for an item is 18,000 units annually. The holding cost is Rs.20 per unit time and the cost of shortage is Rs. The production cost is...

quiz 2.2.........................

demand for an item is 18,000 units annually. The holding cost is Rs. 1.20 per unit time andthe cost of shortage is Rs. 5.00. The production cost is Rs. 400/- Assuming that the replenishment rateis instantaneous determine optimum order quantity