Learning and Discussion of Innovative ideas about Mining Waste Management and also Mining Related News and Activities




Thursday, 21 June 2018

Inventory Model - Mine Management Questions and Answers Series(6)

A company requires raw iron at a constant rate of 10,000 tonnes per year. Each time an order is placed, the order cost is K60.00. it cost K0.04/year to store a tonne of raw iron. Storages are not allowed. The actual cost of raw iron is K25 per tonne.
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