Consider the problem of satisfying the demand for number 2, Business Economics

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Consider the problem of satisfying the demand for number 2

a. Consider the problem of satisfying the demand for number 2 pencils faced by the campus store mentioned in problem number.

b. Re-solve the problem, substituting a Type 2 service level criterion of 95 percent for the stock-out cost. Assume that Q is given by the EOQ.

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