Assignment:
A product is to be manufactured on a machine. The cost, production, demand, etc are as follows : Ordering cost per order = Rs.30, Purchase cost per unit = Rs.0.10 Inventory holding cost per unit per annum = Rs.0.05 Production rate = 1,00,000 units per year Demand rate = 10,000 units / year. Determine the economic manufacturing quantity.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.