Shriram Enterprises manufactures a special product ZED. The following particulars were collected for the year 2002:
(a) Monthly demand of ZED 1,000 units.
(b) Cost of placing an order Rs. 100.
(c) Annual carrying cost per unit Rs. 15.
(d) Normal usage 50 units per week.
(e) Minimum usage 25 units per week.
(f) Maximum usage 75 units per week.
(g) Re-order period 4 to 6 weeks.
Compute from the above
1. Re-order quantity
2. Re-order level
3. Minimum level
4. Maximum level
5. Average stock level