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A restaurant purchases maple syrup from a local supplier with a delivery time of 1 month, the cost per bottle of maple is $ 4
A restaurant purchases maple syrup from a local supplier with a delivery time of month, the cost per bottle of maple is $ The cost for each order is $ the inventory holding cost is based on an annual rate of The table presents the available demand data over a year.
Value Calculate the safety inventory to guarantee a service level of
Value Calculate the reorder point
value How many bottles of maple should the restaurant order when it needs to place an order with the supplier?
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