SLM1 is: a.the expected fraction of cycles during which demand ...

[Lobcity]

SLM₁ is:
  a.the expected fraction of cycles during which demand is met on time.
  b.the expected demand not met on time.
  c.the expected fraction of all demand that is met on time.
  d.the expected number of cycles per year during which a shortage occurs.

Question 2

The order point, q, for the lost sales case will be ________ the order point for the back-ordered case.
  a.the same as
  b.smaller than
  c.larger than
  d.no relation to

[chevyboi1976]

Answer to Question 1

correct: c

Answer to Question 2

correct: c

[Lobcity]

Thanks for the timely response, appreciate it

[brbarasa]

Great answer, keep it coming