The costs of placing an order are Rs$.150$ per order. It is estimated that $1000$ units will be used in the next $12$ months. The carrying cost per month is Rs$.2\mathrm{.}50.$ Assuming that the demand is deterministic and continuous and that no stock$-$outs are allowed, determine the optimal order quantity.

$2.$ Based on the above, explain the following

What is the time between the placing of orders?

The procurement lead time is one month.

What is the re$-$order point based on the on$-$hand inventory level?

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