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For the (s; S) stock control system, identify s and S on the diagram in Problem 8. How would you estimate the values of s

For the (s; S) stock control system, identify s and S on the diagram in Problem 8. How would you estimate the values of s and S?

Problem 8

Identify and label the following on the diagram below: (a) order quantity, (b) reorder level, (c) ordering lead time, and (d) safety stock.

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