An oil engine manufacturer purchases lubricants at the rate


An oil engine manufacturer purchases lubricants at the rate of Rs. 42 per piece from a vendor. The requirements of these lubricants are 1800 per year. What should be the ordering quantity per order, if the cost per placement of an order is Rs. 16 and inventory carrying charges per rupee per year is 20 paise.

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Management Theories: An oil engine manufacturer purchases lubricants at the rate
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