The demand of an item is uniform at a rate of 25 units per month. The fixed cost is Rs 30 each time a production is made. The production cost is Rs 2 per item and the inventory carrying cost is 50…

The demand of an item is uniform at a rate of 25 units per month. The fixed cost is Rs 30 each time a production is made. The production cost is Rs 2 per item and the inventory carrying cost is 50 paisa per unit per month. If the shortage cost is Rs 3 per item per month, determine how often to make a production run and of what size?