The UNLV Bookstore sells a unique calculator to college students. The demand for this calculator has a normal distribution with an average daily demand of 20 units and a standard deviation of 4 units per day. The lead time for this calculator is very stable at 9 days. Compute the statistical reorder point that results in a 95 percent in-stock probability (Z = 1.65)
a. 19.8 units
b. 80 units
c. 180 units
d. 199.8 units
e. 720 units
d
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What company did the textbook use to illustrate the two different types of decision making?
a. Amazon b. Apple c. Taco Bell d. Lucky Strike
The design of service processes is challenging because it involves a trade-off between ______.
a. customer expectations and product price b. service provider expectations for profits and costs c. customers’ expectations and service providers’ desire for efficiency d. product price and delivery time
A lockbox plan is
A. used to protect cash, i.e., to keep it from being stolen. B. used to identify inventory safety stocks. C. used to slow down the collection of checks our firm writes. D. used to speed up the collection of checks received. E. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks.
Your car has a market value of $4,000, while the balance of the loan against it is now $2,500. Your ownership interest in the car is:
A. $2,500. B. $4,000. C. $6,500. D. $1,500. E. $5,500.