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Difference between independent and dependent demand

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Reference no: EM133402893

Questions

1. Describe the difference between independent and dependent demand. Example

2. Explain in general terms how a safety stock level is determined using customer service level.

3. Explain how the order quantity is determined using the basic EOQ model.

4. Explain how the order quantity is determined using the basic EOQ model.

Reference no: EM133402893

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