Question: A hardware shop has 1 5 0 toolboxes in inventory. The demand for toolboxes for each period is given below. The lead time is for

A hardware shop has 150 toolboxes in inventory. The demand for toolboxes for each
period is given below. The lead time is for 2 months. The ratio of ordering cost to
holding cost is 50. Find the planned order release pattern using Fixed Ordering
Quantity method. Fixed order quantity is 25 units. How many toolboxes will arrive
late using this method?

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