A particular item has a demand of 9,000 units/year. The cost of one procurement isRs. 100 and the holding cost per unit is Rs. 2.40 per year. The replacement isinstantaneous and no shortages are...

A particular item has a demand of 9,000 units/year. The cost of one procurement isRs. 100 and the holding cost per unit is Rs. 2.40 per year. The replacement isinstantaneous and no shortages are allowed. Determine(i)the economic lot size;(ii)the number of order per year;(iii)the time between orders;