Question: Service level is: A . something that should be minimized in retail. B . the probability of stocking out. C . calculated as the cost

Service level is:
A. something that should be minimized in retail.
B. the probability of stocking out.
C. calculated as the cost of an overage divided by (the cost of shortage + the cost of overage) for single-period models.
D. the probability of not stocking out.
E. B and D
Service level is: A. something that should be minimized in retail.

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