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A firm requires a certain type of raw material on a continued basis in its manufacturing process. The following information is available in respect of

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A firm requires a certain type of raw material on a continued basis in its manufacturing process. The following information is available in respect of this raw material: Average lead-time 12 month N$250 Cost of placing an order Maximum requirements per week 450 units Minimum requirements per week 300 units Annual operating/ working weeks 48 weeks Annual storage cost per unit N$10.00 Calculate the reorder level/point

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