Insurance charges of materials cost fall under

As the volume of inventory increases, the following cost will increase

As the order quantity increases, which cost will reduce?

Procurement cost may be clubbed with

The penalty for not having materials when needed is

Losses due to deterioration, theft and pilferage comes under

If C₁ = Inventory carrying cost, C₃ = Orderingcost, r = Demand for the product then Economic Batch Quantity is given by:

If λ is the annual demand, C₁ = Inventory carrying cost, i = rate of inventory carrying charges, p = unit cost of material in Rs., then EOQ =

If C₁ = Carrying cost, C₃ is the ordering cost, r = demand for the product, then the optimal period for placing an order is given by:

When C₁ = Inventory carrying cost, C₃ = ordering cost, r = demand for the product, the total cost of inventory is given by: