average monthly market demand 617173

M/S Tubes Ltd is the manufactures of picture tubes for T.V. The following are the details of their operations:

Average monthly market demand:

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2,000 tubes

Ordering cost

Rs. 100 per order

Inventory–carrying cost

20% p.a.

Cost of tubes

Rs. 500 per tube

Normal usage

100 tubes per week

Maximum usage

200 tubes per week

Minimum usage

50 tubes per week

Lead time to supply

6 to 8 weeks

Compute from the above

  1. EOQ. If the supplier is willing to supply quarterly 1,500 units at a discount of 5% is it worth accepting?
  2. Maximum level of stock
  3. Minimum level of stock
  4. Reorder level
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