Quick Print Inc. uses plain and three-hole-punched paper for copying needs. Demand for each paper type is
Question:
a. Suppose that Quick Print decides to establish an order-up-to level of 700 for plain paper. At the start of this week, there are 523 boxes in inventory and 180 boxes on order. How much will Quick Print order this week?
b. What is Quick Print's optimal order-up-to level for plain paper if Quick Print operates with a 99 percent in-stock probability?
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a If S 700 and the inventory position is 523 180 703 t...View the full answer
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Related Book For 
Matching Supply with Demand An Introduction to Operations Management
ISBN: 978-0073525204
3rd edition
Authors: Gerard Cachon, Christian Terwiesch
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