In computing Wilson’s economic lot size for an item, by mistake the demand rate estimate used was $$40\% $$ higher than the tree demand rate. Due to this error in the lot size computation, the total cost of setups plus inventory holding per unit time, would rise above the true optimum by approximately

When the annual demand of a product is $$24000$$ units, the $$EOQ$$ (Economic Order Quantity) is $$2000$$ units. If the annual demand is $$48000$$ units the most appropriate $$EOQ$$ will be

In an ideal inventory control system, the economic lot size for a part is $$1000.$$ If the annual demand for the part is doubled, the new economic lot size required will be: