0 votes
50 views
asked in IM&OR by (215k points)

(1)  (i) What is an inventory? Explain the salient features of the following inventory models:

Deterministic models                          Probababilistic models

Models under uncertainty.

(ii) in a deterministic model the ordering cost is Rs. 4500/- order. The cost of each item is Rs. 2500 and carrying cost is 10% per year. If the annual requirement is 10,000 units determine Economic Ordering Quantity (EOQ). If the inventory carrying cost decreases by 10% and ordering cost increases by 10% determine the % change in EOQ. What do you infer?         

Please log in or register to answer this question.

Related questions

0 votes
0 answers
0 votes
0 answers
0 votes
0 answers
Welcome to Q&A discussion forum, where you can ask questions and receive answers from other members of the community.

10.4k questions

274 answers

26 comments

15.3k users

...