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the purchase price. It takes three weeks for an order to arrive. Weekly demand is 1 0 0 bottles ( closed two weeks per year
the purchase price. It takes three weeks for an order to arrive. Weekly demand is bottles closed two weeks per year with a standard deviation of bottles.
Ben would like to use an inventory system that minimizes inventory cost and will provide a percent service probability.
a What is the economic quantity for Ben to order?
At what inventory level should he place an order?
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