Question: Service level is: something that should be minimized in retail. 1 + the stockout risk. calculated as the cost of a shortage divided by the

Service level is:
something that should be minimized in retail.
1+ the stockout risk.
calculated as the cost of a shortage divided by the cost of excess for single-period models.
the probability of stocking out.
the probability of not stocking out.
Service level is: something that should be minimized in retail. 1+

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