Total demand for a commodity is 100 tonnes in time T. The carrying cost is Rs 10 per tonne of stock during the time, T and the order cost is Rs 1 per order. Find out the EOQ. A firm uses 400 units of...

Total demand for a commodity is 100 tonnes in time T. The carrying cost is Rs 10 per tonne of stock during the time, T and the order cost is Rs 1 per order. Find out the EOQ.

A firm uses 400 units of component every month for Rs 40 per unit. The order cost is Rs 100 and carrying cost is 15% of the value of the stock. Find out the EOQ.