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::::IIVU ASKARII:::: FIN622

IF ANYONE HAS SOLVED THIS QUESTION, I NEED TO COMPARE MY SOLUTION
 
A Firm sales 200,000 units per year of a particular Product, order size is for 5000 units and stock out is 3000 units. The stock out probability acceptance level is set to 5% and per unit stock out cost is Rs.7/-. Holding cost is estimated at Rs.3/- per unit. Being an inventory manager, determine stock out cost and amount of safety stock to be kept in hand.


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