Nuvyug Industries Ltd. Has an annual requirement of 5,000 pieces of brake cylinders for its popular brand of golf carts. Each brake cylinder has a carrying cost of ` 25 per unit per year. The ordering cost per order is 800.
Calculate the total inventory cost for the following values of number of orders: 5, 10, 20 and 25. Plot the various costs with respect to these orders on a graph and use it to find the EOQ.