Two components X and Y are used as follows:
Normal usage |
50 units each per week |
Minimum usage |
25 units each per week |
Maximum usage |
75 units each per week |
Re order quantity |
X: 400 units; Y: 600 units |
Re order period |
X: 4 to 6 weeks; Y: 2 to 4 weeks. |
Calculate for each components: (1) the re order level, (2) the minimum level, (3) the maximum level, and (4) the average stock level.