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An oil engine manufacturer purchases lubricant cans at the rate of Rs. 42 per piece from a vendor. The requirement of these lubricant cans is 1800 per year. If the cost per placement of an order is Rs.16 and inventory carrying charges per rupee per year is 20 paise, the order quantity per order will be (a) 91 cans (b) 83 cans (c) 75 cans (d) 67 cans |
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Answer» Correct option is (b) 83 cans Q∗ = \(\sqrt{\cfrac{2\times1800\times16}{42\times0.2}}\) = 82.8 = 83 cans |
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