Question: For a single period order model, the average demand is 1,000 units and the standard deviation is 20 units. The shortest cost per unit is

For a single period order model, the average demand is 1,000 units and the standard deviation is 20 units. The shortest cost per unit is $3.50 and the overage or excess cost per unit is 50.50. What is the optimal stocking level? Select the closest answer 1,057 units 1,000 units 1.017 units D 1,023 units

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