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a) Calculate the re-order point (hint: Reorder point = Lead time x average daily or weekly sales) b) Calculate the optimal level of safety stock
a) Calculate the re-order point (hint: Reorder point = Lead time x average daily or weekly sales)
b) Calculate the optimal level of safety stock
Starfall Bookstore orders and sells one of its magazines, Surprise Star magazine. It makes the following estimates for a vearlv nerind: The following table shows estimates of uncertainty experienced by Starfall Bookstore management when facing the various demand possibilitiesStep by Step Solution
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