Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2 days for lead time, 50 units of inventory on hand, a service probability of 95 percent, and a standard deviation of demand over the review and lead time of 8 units, which of the following is the order quantity?
A. 4,510
B. 1,044
C. 863
D. 1,178
E. 948
Answer: C
You might also like to view...
According to your textbook why do people form teams?
a. Survival by numbers b. A sense of belongingness c. A sense of identity d. All the above
Punctuate the sentence correctly. The flight arrives at 830 pm at Gate 5
Linda, a partner, is involved in the winding-up of the partnership. A lucrative business opportunity for the partnership arises. Linda does not have the right to take on this new business
a. True b. False Indicate whether the statement is true or false
Investing activities do not include the:
A. Issuance of common stock. B. Purchase of plant assets. C. Sale of short-term investments other than cash equivalents. D. Lending and collecting on notes receivable. E. Sale of plant assets.