Safety stock in inventory systems depends

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Question 1: Safety stock in inventory systems depends only on the average demand during the lead time.
True
False

Question 2: The EOQ model is best suited for items whose demand is dependent on other products.
True
False

Question 3: Service level is the complement of the probability of a stockout.
True
False

Question 4: In the simple EOQ model, if annual demand were to increase, the EOQ would increase proportionately.
True
False

Reference no: EM131132847

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