If there are four jars on the shelf when an order is placed, how much should the store order?
The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation of 4. The manager checks the inventories on shelves and places an order every three days. Delivery lead time is two days.
Answer: Base stock level = Image (tb + L) + safety stock = 12(5) + 21 = 60 + 21 = 81.
Order quantity = 81 - 4 = 77 jars.
You might also like to view...
Asset allocation is not recommended by financial planners because mixing different types of assets,
such as stocks with bonds, makes it more difficult to track performance and adjust portfolios to changing market conditions. Indicate whether the statement is true or false
When comparing expenditures and revenues of various levels of U.S. government since 1960 it is true that the
a. federal government usually has been in surplus, while state and local governments have been in deficit. b. federal government and state and local governments all usually have been in surplus. c. federal government and state and local governments all usually have been in deficit. d. federal government usually has been in deficit, while state and local governments have been in surplus.
Fred, a software engineer, is in charge of scrutinizing electronic communication patterns as part of his role within a virtual team at work. Fred’s role fulfills which of the following virtual team practices?
A. Using technology to build relationships B. Shaping culture through technology C. Monitoring progress and rewards D. Administering rewards E. Using global teams to develop technology
Remaining open yet authoritative increases the chance that a group will form and evolve realistically and successfully.
Answer the following statement true (T) or false (F)