Q.1
14 MarksDefine the following terms relating the customer’s behavior in queue. (a) Balking (b) Jockeying (c) Reneging
Also asked in Summer 2026 Q4a OR
A firm uses Rs. 4500 of an item during the year. The ordering cost is Rs. 25 per order and carrying cost is 10% of the average inventory value. Find EOQ and numbers of orders per year.
Also asked in Summer 2026 Q5c OR