Question: In the EOQ model, when the demand is uncertain and lead time is strictly greater than zero, what is the service level? Select ALL correct

In the EOQ model, when the demand is uncertain

In the EOQ model, when the demand is uncertain and lead time is strictly greater than zero, what is the service level? Select ALL correct answers The probability that lead time demand is greater than or equal to the inventory when you place an order The probability of customers facing a stockout during the lead time The probability of customers not facing a stockout during the lead time The probability that lead time demand is less than or equal to the inventory when you place an order QUESTION 17 In the Newsvendor model, if the demand is continuous, then you order the quantity which ensures that the expected marginal benefit is STRICTLY LESS than the expected marginal cost. the expected marginal benefit is EQUAL to the expected marginal cost. the expected marginal benefit is STRICTLY GREATER than the expected marginal cost. QUESTION 18 In the newsvendor model, if the price of the product that you are selling increases, then the optimal order quantity will Not change Decrease Increase

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