Childrens art sets are ordered once each year by Ashok Kumar, Inc., and the reorder point, without
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Children’s art sets are ordered once each year by Ashok Kumar, Inc., and the reorder point, without safety stock (dL), is 100 art sets. Inventory carrying cost is $10 per set per year, and the cost of a stockout is $50 per set per year. Given the following demand probabilities during the lead time, how much safety stock should be carried?
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Operations Management Sustainability And Supply Chain Management
ISBN: 234357
12th Edition
Authors: CHUCK MUNSON & AMIT SACHAN AND . JAY HEIZER , BARRY RENDER
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