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Business, 25.04.2020 05:01 sebcbal

In a single period order quantity model, if the shortage cost is four times the overage cost, then, (A) what is the optimal service level (i. e., critical fractile)?, and (B) using the optimal service level from part (A), what is the optimal order quantity if the demand is normally distributed with a mean of 70 and variance of 9? Round your final answer to the nearest integer.

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In a single period order quantity model, if the shortage cost is four times the overage cost, then,...
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