the total relevant cost of holding inventory in a


The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY. DETERMINE THE OPTIMUM ORDER QUANTITY AND THE CORRESPONDING TOTAL RELEVANT COST.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: the total relevant cost of holding inventory in a
Reference No:- TGS0498454

Expected delivery within 24 Hours