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

About 50 items are required every day for a machine. A

About 50 items are required every day for a machine. A lixed cost of Rs. 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 : (i) Economic Order Quantity (ii) Re-order Level About 50 items are required every day for a machine. A lixed cost of Rs. 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 : (i) Economic Order Quantity (ii) Re-order Level

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