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3 . 1 Bluey Limited usually sells 1 0 0 0 units of a certain product per year. The produce has a fixed order cost
Bluey Limited usually sells units of a certain product per year. The produce has a fixed order cost of R The company incurs storage costs of R per unit per year. It takes five days to receive an order once it has been placed. The company operates for days per year.
Calculate the economic order quantity.
Calculate the reorder point.
Round off the above answers to the nearest whole number.
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