Question: Question One Calculate the minimum stock level, maximum stock level, re-ordering level and average stock level from the following information: Minimum consumption = 100 units

Question One

Calculate the minimum stock level, maximum stock level, re-ordering level and average stock level from the following information:

Minimum consumption = 100 units per day

Maximum consumption = 150 units per day

Normal consumption = 120 units per day

Re-order period = 10-15 days

Re-order quantity = 1,500 units

Normal re-order period = 12 days

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