Question: About 50 items are required every day for a machine. A fixed cost of 50 per order is incurred for placing an order. The inventory

About 50 items are required every day for a machine. A fixed cost of 50 per order is incurred for placing an order. The inventory carrying cost per item amounts to Re. 0.02 per day. The lead period is 32 days. Compute reorder level.

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