The demand of a certain part is 1000 parts/year and its cost is Rs. 1000/part. The orders are placed based on the economic order quantity (EOQ). The cost of ordering is Rs. 100/order and the lead time for receiving the orders is 5 days. If the holding cost is Rs. 20/part/year, the inventory level for placing the orders is _______ parts (round off to the nearest integer).

Which one of the following is NOT a form of inventory?

Annual demand of a product is $$50,000$$ units and the ordering cost is Rs. $$7,000$$ per order. Considering the basic economic order quantity model, the economic order quantity is $$10,000$$ units. When the annual inventory cost is minimized, the annual inventory holding cost (in Rs.) is ___________

Demand during lead time with associated probabilities is shown below:

Expected demand during lead time is ___________