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 A particular item has a demand of 9000 units/year. The cost of one procurement is Rs.108 and the holding cost per unit is Rs.2.40 /year. The replacement is instantaneous and no shortages are allowe(d) What is the optimum number of orders/year?                       

        (a) 7 orders/year             (b) 8 orders/year

         (c) 9 orders/year             (d) 10 orders/year

 

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