The Economic Order Quantity (EOQ) model aims to determine the optimal order quantity that minimizes the total inventory costs, which are the sum of ordering costs and holding costs. The formula is derived by finding the point where these two costs are equal.
If the annual demand of an item is 100 units and ordering cost is ₹ 40 per order. The inventory holding cost is ₹ 20 per unit per year. What will be the economic order quantity ? - (5) Question not attempted
Asked in Assistant Eng. (Mechanical) Competitive Examination, 2023 · Topic: Agriculture and Allied Sectors (Agricultural Inputs: Seeds, Fertilizers, Irrigation, Power)
More Economic Development questions
- Magnesium content (%) in calcium ammonium nitrate fertilizer as mentioned in F.C.O., 1985 is
- 'Per Drop More Crop' (PDMC) initiative implemented by the government to enhance access to irrigation facilities, is a component of which of the following program ? - Question not attempted
- Seed is declared as an essential commodity under
- Ques #: 59 which among the following is not a centre of fertilizer industry in india ?
- The PM-KUSUM scheme focuses on
- How much amount allotted by Central government for Pradhan Mantri Krishi Sinchayee Yojana for the period of 5 years (2015-16 to 2019-20) ?
- Which of following is/are covered under PMKS Yojana?
- In which year the ‘National Seed Corporation’ N.S.C. was established ?
