Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?

A. About 36.3
B. About 56.8
C. About 42.3
D. About 59.8
E. About 30.4


Answer: C

Business

You might also like to view...

Which of the following is true of Chapter 13 discharge?

A) It is granted before a Chapter 13 plan of payment is enforced. B) It is not granted if the debtor has received Chapter 7 discharge in the last four years. C) It is granted only for the secured unpaid debts of a debtor. D) All unpaid taxes are discharged under Chapter 13 discharge.

Business

If cells are not adjacent, hold down the ____________________ key to select

Fill in the blank(s) with correct word

Business

Sandstorm, Inc signed a 200-day, 5%, $5,000 note on April 1, 2017, and this was the only note payable for the company

Calculate the times-interest-earned ratio of Sandstorm, Inc if its earnings before interest and taxes for the year ending December 31, 2017, is $4,300. (Use a 360-day year.) What will be an ideal response

Business

________ of variation are the purely random, unidentifiable sources of variation that are unavoidable with the current process

Fill in the blanks with correct word

Business