The service level is the probability that the inventory available during lead time will meet demand.
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Q9: If service level is 50%, then safety
Q10: Inventory costs include carrying, ordering, and shortage
Q11: The noninstantaneous receipt model applies only to
Q12: If all of the assumptions for the
Q13: Periodic inventory systems normally require smaller safety
Q15: If lead time and demand are constant,
Q16: Quantity discounts are always evaluated with carrying
Q17: A periodic inventory system has constant order
Q18: The purpose of inventory management is to
Q19: The EOQ is the optimal order quantity
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