Question 6 The following information pertains to Discovery Parts CC who operates 52 weeks per year: Minimum lead time: 2 weeks Average lead time: 4 weeks Maximum lead time: 6 weeks Consumption (per week): Normal: 250 units Minimum: 180 units Maximum: 320 units Costs per order: N$8.00 Holding costs: N$0.95 per unit per annum Material DP21: N$15 per unit REQUIRED: MARKS Calculate the following in respect of material DP21: 2.1 Economic order quantity (EOQ) 5 2.2 Minimum stock level 4 2.3 Re-order stock level 2 2.4 Average stock level 3 2.5 Maximum stock level 4 2.6 What is the objective of the EOQ? 1