Economic Order Quantity (EOQ) Quiz
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Questions and Answers

What is the Economic Order Quantity (EOQ) calculated for the given inventory system?

  • 2,400 units (correct)
  • 2,000 units
  • 1,800 units
  • 3,000 units

    • How many orders are made per year based on the annual consumption and EOQ?

  • 15 orders
  • 20 orders (correct)
  • 30 orders
  • 24 orders

    • What is the total ordering cost for the year?

  • ₹7,200
  • ₹3,600 (correct)
  • ₹5,400
  • ₹1,800

    • What is the total carrying cost for the inventory?

    <p>₹3,600</p> Signup and view all the answers

    What frequency of orders does the inventory system have in a year?

    <p>6 orders/year</p> Signup and view all the answers

    What is the average inventory based on the EOQ calculated?

    <p>1,200 units</p> Signup and view all the answers

    What is the total cost of both carrying and ordering for the year?

    <p>₹7,200</p> Signup and view all the answers

    If the ordering cost per order was increased to ₹300, how would this affect the total ordering cost with the current number of orders?

    <p>Total ordering cost would increase.</p> Signup and view all the answers

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