Fools Cop Ltd. had a weekly minimum and maximum consumption of material Q at 350

Economics

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Fools Cop Ltd. had a weekly minimum and maximum consumption of material Q at 350 and 950 units respectively. The
re-order quantity as fixed by the company is 2,900 units. The material is received within a period of 3 to 7 weeks
from the date of issue of supply order.
Required:
Calculate the:
(i) Minimum stock level. (ii) Maximum stock level.

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