Multi-period inventory model-replenishment policy

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Reference no: EM13843800

Suppose that, in a multi-period inventory model, a (R,Q) replenishment policy is used. The probability that you have no inventory on-hand when your new shipment arrives equals

a) The in-stock probability

b) The critical ratio

c) Lost Sales

d) The gross margin

e) The ratio of inventory turns to days-of-supply

f) None of the above

it is equal to ________________ (fill in the blank)

Reference no: EM13843800

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