Question: Need entire solution with all steps Given the following data, find out the Economic Production lot size and Total Annual Stocking Cost. Annual Demand =10,000

Need entire solution with all steps

Given the following data, find out the Economic Production lot size and Total Annual Stocking Cost. Annual Demand =10,000 units, Set up cost =R5 50/order Carrying cost / Unit/year =R2 Working days in a year Daily production rate requirement has inereased to 15,000 units, how will it affect Economic Production Lot Size

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