Return to the Epson data in Exercise 7 Assume that demand in different countries is not independent Demand in any pair of countries is correlated with a correlation coefficient of Evaluate the holding cost savings that Epson gains as a result of building a European DC as increases from 0 (independent demand) to 1 (perfectly positively correlated demand) in intervals of 0 2

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Question: Return to the Epson data in Exercise 7. Assume that demand in different countries is not independent. Demand in any pair of countries is correlated

Return to the Epson data in Exercise 7.

Assume that demand in different countries is not independent. Demand in any pair of countries is correlated with a correlation coefficient of ρ.

Evaluate the holding cost savings that Epson gains as a result of building a European DC as ρ increases from 0 (independent demand) to 1 (perfectly positively correlated demand) in intervals of 0.2.

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