Question: For the sa / me problem in Q 1 , now we want to implement a periodic inventory control policy. The company decides to monitor
For the same problem in Q now we want to implement a periodic inventory control policy. The company decides to monitor inventory every month and order accordingly. a points Type Service levelbased approach: Assuming that the company wants to achieve a service level in meeting demand, what would be the BaseStockLevel for this policy? Explain in words how this policy works. b points What are the expected annual costs related to holding and setup ordering for this inventory control policy. How does the cost compare to your answer in Q Which of the cost components changed?
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