Jo Herrer started Herrers Bicycle Shop in Tilburg at the end of the 1980s, and the business
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1. Given the data, can you provide advice to Jo on the order quantity and reorder point?
2. If Jo wanted to increase service to 99%, what would the new reorder point be? How much additional holding costs would result?
3. What critical assumption is not met in the analysis above? What improvements on the policy can you imagine?
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