Serial

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

Order Quantity (Q)

05.00

07.00

09.00

11.00

13.10

17.00

21.00

25.00

29.00

Total Cost (TC)

39.29

31.49

28.05

26.59

26.19

27.09

29.17

31.86

34.91

Remarks

At a particular inventory level total cost is minimum, before and after this point total cost increases