stockiest has to supply 400 units of a product every Monday to his customers. He gets theproduct at Rs. 50/- per unit from the manufacturer. The cost of ordering and transportation from themanufacturer is Rs. 75 per order. The cost of carrying inventory is 7.5% per year of the cost of theproduct. Find(i) Economic lot size, (ii) The total optimal cost (including the capital cost)
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