40. The daily demand for an electronic machine is approximately 25 items. EverYtime an order is placed,
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40. The daily demand for an electronic machine is approximately 25 items. EverYtime an order is placed, a fixed cost of Rs 25 is incurred. The daily holding cost per item inventory is Re 0.40. If the lead time is 16 days, determine the economic lot size and re-order point. (JCWA, December, 1986)
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