Find out the low-cost reorder point under conditions

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Reorder point under conditions of uncertainty given

Find out the low-cost reorder point under conditions of uncertainty given the following information:

Stock-out cost = $6.00 per item
Overstocked cost =$ 1.00 per item
Probability of .10 .25 .30 .25 .10
meeting demand 100 101 102 103 104

Reference no: EM13120785

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