Theory + Problem on inventory model 2c, shortages allowed , production rate finite

Solve problem on inventory model 2c for which demand rate is uniform, production rate finite and shortages allowed by using important formulas.
A company has a demand of 12000 units/year for an item and it can produce 2000 such items per month. The cost of one set-up is Rs 400 and the holding cost /unit/month is Rs 0.15. shortage cost of one unit is Rs 20 per year. Find the optimum lot size and the total cost per year , assuming the cost of 1 unit as Rs 4. Also find the maximum inventory, manufacturing time and total time.
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#inventorysystems #inventoryvideo
#shortages #shortagesallowed

Видео Theory + Problem on inventory model 2c, shortages allowed , production rate finite канала Edutech Guru Engineering Learning-By Priyanka ma'am

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23 мая 2023 г. 10:40:10

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Edutech Guru Engineering Learning-By Priyanka ma'am

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