For each scenario in the table below attachment run 30, Ask an Expert

Management Studies

For each scenario in the table below (attachment), run 30 simulations and report the overall mean service level and the estimated total cost. Does this new recorder point achieve the desired service level of .9? If so which scenario would you recommend? As the order size increases, what happens to the ordering and holding cost?

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Management Theories, Management Studies

Category:- Management Theories
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