Question: : Calculate the optimal value using EOQ approach and also calculate safety stock and reorder level for the below data: (Marks 8) Monthly demand: 25,000

: Calculate the optimal value using EOQ approach and also calculate safety stock and reorder level for the below data: (Marks 8) Monthly demand: 25,000 units, ordering cost: 20,000PKR, Monthly rent: 450,000pkr, Insurance premium monthly: 35,000pkr, Pilferage: 45,000pkr yearly, monthly rent: 200,000pkr, lead time: 3-7days

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