Question: please solve the question provided in picture Q.6(a) The demand at a Corolla car dealership for a 300 workday/year is 2,000 units. Ordering costs are

please solve the question provided in picture

please solve the question provided in picture

Q.6(a) The demand at a Corolla car dealership for a 300 workday/year is 2,000 units. Ordering costs are Rs.6,300 per order and Carrying costs are Rs.7,000 per unit per year. The showroom has capacity to accommodate 70 units. Seven days must be allowed between order placement and order receipt. [2+1+1 Marks) [Time-15-Minutes) Required: i. ii. What is the EOQ, assuming known and constant variables? What is the number of orders per year assuming known and constant variables? If equally distributed, after how many days each order must be issued? iii. Q.6(b) How does ABC Analysis help in controlling the inventory? Explain through a Coloured illustration how these are classified? [4 Marks [Time-10-Minutes)

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