Question: Question # 8 : A particular item has a demand of 9 , 0 0 0 units per year. The cost of one procurement is

Question # 8: A particular item has a demand of 9,000 units per year. The cost of one procurement is SR.100/- and the holding cost per unit is SR.2.40 per year. The replacement is instantaneous and no shortages are allowed. Determine: (a) Economic lot size, (b) The number of orders per year, (c) The time between orders, and (d) the total cost per year if the cost of one units is Re.1/-

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