The annual demand of valves per year in a company is 10,000 units. The current order quantityis 400 valves per order. The holding cost is Rs. 24 per valve per year and the ordering cost is Rs.400 per order. If the current order quantity is changed to Economic Order Quantity, then thesaving in the total cost of inventory per year will be Rs.places).(round off to two decimal

Given data; Annual demand(D) =10000 nos Order cost (Ch) =24 valve/year Ordering cost (Co) =Rs…

Answered: saving in the total cost of inventory…

Engineering

Mechanical Engineering

saving in the total cost of inventory per year will be Rs. (round off to two decimal nlaces)

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

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Question

The annual demand of valves per year in a company is 10,000 units. The current order quantity
is 400 valves per order. The holding cost is Rs. 24 per valve per year and the ordering cost is Rs.
400 per order. If the current order quantity is changed to Economic Order Quantity, then the
saving in the total cost of inventory per year will be Rs.
places).
(round off to two decimal

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