vansh & yash brothers utilize 12000 units of raw material costing 1.25 Rupees per unit. Placing each order costs 15 rupees and the carrying costs are 15% per year per unit of the average inventory. The firm follow EOQ policy of purchasing. It operates 300 days per year. Procurement rime is 14 days and safety stock is 400 units. calculate the following. EOQ, Reorder point, Maximum Inventory, Average inventory.
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