You are asked to manage the purchases of potatoes (10 kgs per bag). The annual demand = 1200 bags, Delivered purchase cost = 30/bags, Annual carrying cost percentage= 10percent, Order cost = 50/order. The lead time is 5 working days. Assuming 24 working days per month. 5.1 Determine the Economic Order Quantity  5.2 Determine the reorder point  5.3 Determine the average inventory

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