About 50 items are required every day for a machine. A fixed cost of Rs. 50 per
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About 50 items are required every day for a machine. A fixed cost of Rs. 50 per order is incurred for placing an order. The inventory carrying cost per item amount to Re. 0.02 per day. The lead period is 32 days. Compute:
(i) Economic Order Quantity
(ii) Re-order level
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