About 50 units are required every day for a machine. A fixed cost of ₹ 50 is incurred for placing an order. The inventory carrying cost per unit amounts to ₹ 0.02 per day. The lead period is 32 days. Economic Order Quantity is

About 50 units are required every day for a machine. A fixed cost of ₹ 50 is incurred for placing an order

Q. About 50 units are required every day for a machine. A fixed cost of ₹ 50 is incurred for placing an order. The inventory carrying cost per unit amounts to ₹ 0.02 per day. The lead period is 32 days. Economic Order Quantity is

A.            200 Units

B.            300 Units

C.            500 Units

D.            100 Units

Answer: 500 Units

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