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A firm stocks a seasonal item that it buys for $24/unit and sells for $32 unit. During the season, daily demand described using a Poisson
A firm stocks a seasonal item that it buys for $24/unit and sells for $32 unit. During the season, daily demand described using a Poisson distribution with a mean of 2.4. Because of the nature of the item, units remaining at business each day must be removed at a cost of $21 each. What is the service level?! Answer: 0.779 X
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