Question: For a Fixed Order Quantity System, find out the various parameters for an item with the following data: Annual consumption - 10,000 units, cost of

For a Fixed Order Quantity System, find out the various parameters for an item with the following data:

Annual consumption - 10,000 units, cost of one unit - Re 1, set up cost - Rs 12 per production run, the inventory carrying cost-Re 0.24 per unit. Past lead times: 15 days, 25 days, 12 days, 14 days, 30 days, 17 days.

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