Question: please help me solve. im really confused. thanks! When there is uncertainty regarding demand and/or supply, safety stock (SS) needs to be held in inventory.

please help me solve. im really confused. thanks!

When there is uncertainty regarding demand and/or supply, safety stock (SS) needs to be held in inventory. If the order quantity in every order is (on average) Q, then the average inventory is given by 0 1 = 0/2 OI=(Q + SS) / 2 Ol=/2 + SS 0 l = Q + SS/2 Below are two statements about expected sales. 1: Expected Sales - Expected Demand - Expected Lost Sales = II: Expected Sales = (Average) On-hand Inventory - Expected Leftover Inventory Which of the following holds true? Only statement Only Statement II Both Statements I and II O Neither Statement i nor

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