Question: 14. Obtain the optimal order quantity using the information given here: Annual requirement: 1 million units Ordering and processing cost: Rs 28.80 per order Holding

14. Obtain the optimal order quantity using the information given here:

Annual requirement: 1 million units Ordering and processing cost: Rs 28.80 per order Holding cost: 20% of the unit cost Price Schedule:

Order Size 0-9,999 10,000-19,999 Unit Price Rs 2.00 Rs 1.60 20,000 and

Order Size 0-9,999 10,000-19,999 Unit Price Rs 2.00 Rs 1.60 20,000 and above Rs 1.40

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