In a single period order quantity model if the underage, Ask an Expert

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In a single period order quantity model, if the underage cost is four times the overage cost, then

A) what is the optimal service level (i.e., critical fractile)?

B) using the optimal service level from part A), what is the optimal order quantity if the demand is normally distributed with a mean of 70 and variance of 9?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629300

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