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1) The Manager of a retail store wants to determine the safety stock for an item with a service level of 95%. The reorder level

1) The Manager of a retail store wants to determine the safety stock for an item with a service level of 95%. The reorder level for this product is 300 units, the weekly demand has a mean of 300 units, and a standard deviation of 50 units.

a) Optimal order size and reorder level (Q, R)

b) Service level

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