(Answered) An oil engine manufacturer purchases lubricants at the rate

Management Studies

An oil engine manufacturer purchases lubricants at the rate of Rs. 42 per piece from a vendor. The requirement of these lubricants is 1,800 per year. What should be the order quantity per order, if the cost per placement of an order is Rs.16 and inventory carrying charge per rupee per year is 20 paise.

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Operation Management, Management Studies

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