I'm going with D) Service level. It makes sense that the target level of customer service would be the main determinant of how much inventory you need to keep on hand.
B) Available-to-promise is an important consideration, but it's not the primary driver of inventory levels. That would be the desired service level, which is option D.
D) Service level is definitely the key factor in determining inventory levels in a make-to-stock environment. The desired service level directly impacts the amount of inventory needed to meet customer demand.
Renato
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