List of top Manufacturing Processes II Questions on Economic Activities

A company estimates the demand of 2000 bulbs for the next year. The ordering cost is Rupees 300 per order and the annual carrying cost per bulb is Rupees 30. The economic order quantity (number of bulbs) is .......... (Answer in integer)

The table shows the data of running a machine for five years. The original machine cost is Rupees 70,000. In order to minimize the average total cost per year for running the machine, the machine should be replaced after ............. years. (Answer in integer)