Question: Alpha industry estimates that it will sell 1 2 0 0 0 units of its product for the forthcoming year. The ordering cost is Rs

Alpha industry estimates that it will sell
1
2
0
0
0
units of its product for the forthcoming year. The ordering cost is Rs
.
1
0
0
per order and the carrying cost per unit per year is
2
0
%
of the purchase price per unit
.
The purchase price per unit is Rs
.
5
0
.
Find
Economic order quantity
(
EOQ
)
No
.
of orders per year
Time between successive orders.

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