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The following information is given: 10,0 units of material are consumed per year; per-unit cost is ₹ 20; cost of processing an order is ₹ 50; Annual interest rate is 5%; Annual carrying cost of material per unit is 15% (other than interest). What would be the Economic Order Quantity (EOQ)?

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The following information is given: 10,0 units of material are consumed per year; per-unit cost is ₹ 20; cost of processing an order is ₹ 50; Annual interest rate is 5%; Annual carrying cost of material per unit is 15% (other than interest). What would be the Economic Order Quantity (EOQ)?






 
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