Using both your textbook and at least one other peer-reviewed source, discuss the public choice theory or model. How does it relate to rivalness and excludability?

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?