What are the costs of determining the reorder point

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Reference no: EM132115504

1. When you are managing the inventory of gas in your car:

(a) What is the reorder point?

(b) What is the safety stock?

2. Suppose that you are planning to buy some soda to take back to your apartment.

(a) How many cans would you buy? A 12 pack or a 24 pack? Explain your decision using the concept of the EOQ.

(b) Could you use that same line of thinking when you buy milk? What is the di erence between the two products?

Reference no: EM132115504

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