How do your answers to part a of the previous problem change if, instead of incurring a
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How do your answers to part a of the previous problem change if, instead of incurring a $40 penalty cost for each shortage, the store has a service level requirement of meeting 95% of all customer demands on time? In each case (L known with certainty and L random) what penalty cost p is this service level requirement equivalent to?
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Service Level Ordering DVD players Part a fixed lead time Part a random lead time Fixed ordering cost 300 Fixed ordering cost 300 Unit holding cost 15 ...View the full answer
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