Question: 1. 2. Demand and lead time are both constant Demand is variable and lead time is constant Demand is constant and lead time is variable

1. 2. Demand and lead time are both constant

1. 2. Demand and lead time are both constant Demand is variable and lead time is constant Demand is constant and lead time is variable Demand is variable and lead time is variable 3. 4. Be able to discuss which of these above situations leads to more or less safety stock. Why do firms need less safety stock in situation (4) above than would be indicated by adding (2) and (3) together

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