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b . Use the EOQ model with planned shortages to find the approximately optimal order quantity Q * * * for XYZ plc . c

b. Use the EOQ model with planned shortages to find the approximately optimal order
quantity Q*** for XYZ plc.
c. Given the tolerated stockout probability, find the optimal reorder point R***.(Recall that
the sum of two normal distributions N(1,12) and N(2,22) is the normal distribution
N(1+2,22+22). You may use the distribution tables attached.)
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