There are two products P and Q with the following characteristics
|
Product
|
Demand (units)
|
Order cost (Rs./order)
|
Holding Cost (Rs./unit/year)
|
|
P
|
100
|
50
|
4
|
|
Q
|
400
|
50
|
1
|
The Economic Order Quantity (EOQ) of products P and Q will be in the ratio.
(a) 1.1 (b) 1.2
(c) 1.4 (d) 1.8