Question: Please help with this Homework Question I'm not understanding this. Thank you. When we discuss inventory management, we often emphasis the importance of service level,

Please help with this Homework Question I'm not understanding this. Thank you.

When we discuss inventory management, we often emphasis the importance of service level, which is typically defined as a percentage of customers demand that is satisfied with inventory. In other words, managers would like to maintain certain service level to prevent the shortage. Now think as a supermarket manager, how would you go about evaluating the criticalness of an inventory shortage?

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